Premium Only Plans 

• Are your employees paying for their group insurance premiums after taxes are withheld?

• Are you currently an ADP payroll client using AutoPay or EasyPay?

If you answered yes to these questions, then a premium only plan may be just right for you.  It offers a simple way to reduce taxes for your employees and your company.

Benefits:

• Pre-Tax Contributions - allows group insurance premiums to be withheld pre-tax, according to Section 125 of the Internal Revenue Code.
• Reduces Taxable Income - employees' taxable income in most cases can be reduced, which increases take home pay.
• Reduces Expenses - your company Social Security and Medicare tax expenses are reduced.
• Integrates Easily – works with existing ADP payroll services.

Plan Highlights

• Implementation assistance to ensure complete integration with existing payroll protocol
• Materials provided for initial and open enrollment
• Premium Only Plan document and Plan Summary maintained in legal compliance
• Non-discrimination testing/guidelines

Interested in learning more? Contact us or call 1.800.432.4015.