Cafe 125 refers to IRS Section 125, which covers cafeteria plans. These cafeteria plans allow employees to set aside pre-tax income for certain benefits, including dependent care assistance, group term life insurance, and adoption assistance. Learn more
What is “Cafe 125” on a W-2 tax form? Not to be confused with a place to go for coffee, Cafe 125 is short for a “cafeteria plan” established under Section 125 of the U.S. tax code. A cafeteria plan is a type of employee benefits plan that allows workers to choose from a ...
Focuses on cafeteria benefit plans in the United States. Advantages that are afforded by Section 125 plan; Types of benefits offered in the plan.Webster, George DAssociation Management
Section 125 cafeteria plansgenerally cover most of the employee benefits pre-tax. Examples of pre-tax voluntary benefits are: Adoption assistance programs 401(k) contributions Long-term and short-term disability coverage Employer-sponsored accident and health plans (which includes FSAs and accidental de...
Section 125 Cafeteria Plan rules dictate how an FSA works. They include the following rules: Employees elect their contribution amount.Employees choose an FSA annual contribution amount before the start of each 12-month plan year. Elections cannot be changed during the year, except in connection wi...
In many cases, your hotel provides free breakfast, so check out the cafeteria in the morning to see if breakfast is included. Keep in mind, however, that the Chinese version of a “continental breakfast” may differ greatly from what you’re used to. Consider it a culinary adventure!
A payroll audit is a breakdown of a company’s payroll processes. It looks at aspects of a company’s payroll such as the number of wages, employee pay rates, active employees, and tax withholdings. Businesses should carry out a payroll audit annually at least. This helps to check their ...
Also, you gain access to health insurance, tax administration and pre-tax savings programs through a 125 cafeteria plan. FYI: I make no commission, there are other services that do similar things I just liked the fee structure and hands-off approach. SOHO, the back end processor of the pro...
(1)细节理解题。根据第一段的In my case,I did learn a bit about financing while in school — just not in the classroom.One of my earliest lessons on the basics of budgeting came from an unlikely source:the cafeteria. (就我而言,我确实在学校里学到了一
to an FSA plan. You must establish an FSA at your business for employees to open accounts. Self-employed individuals are not eligible to have an account, and highly compensated employee restrictions also exist. An FSA is a qualifying benefit under aSection 125 plan, or cafeteria plan. ...