125 Cafeteria
Let our team at Nichols and Associates help you to learn more about the tax-advantaged employee benefit plan known as a Flexible Spending Accounts (FSAs), which are also referred to as Section 125 Cafeteria Plans.
FSAs are utilized as a pre-tax income to an account designated to pay for qualified expenses such as healthcare and daycare. Since these items would normally be paid for using after-tax income, the FSA effectively increases your take home pay.
Money deducted from an employee’s pay into an FSA is not subject to payroll taxes, resulting in a substantial payroll tax savings for a company.
Let Nichols and Associates work with you to tailor one of our plans to meet your business’ needs. Our licensed brokers will work with you to quickly generate a quote.
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