Employers and Human Resource Professionals
Flexible Benefit Plans – a Win-Win benefit for Employers
Save on payroll taxes, compliments of Uncle Sam
As health care costs escalate, employers are shifting the burden of rising costs to the employee through higher deductibles and co-payments.
A Flexible Benefit Plan is an IRS approved tax-advantaged benefit to help employees take the sting out of escalating health care costs as well as rising dependent care and commuting costs. You are providing a valuable benefit to help your employees recoup some of these rising costs.
The bottom line on Flexible Benefit Plans
Your company pays less on payroll taxes… as much as 8% for every dollar deducted from payroll.
One more time…
Uncle Sam does not tax payroll dollars directed through your company sponsored flexible benefit plan… you save money. Look at this sample tax savings illustration to see how quickly your tax savings add up.
Is This a Great Country or What?
Your company pays less on payroll taxes, your employees use pre-tax dollars to recoup rising expenses and increase their take-home paycheck… all encouraged by the IRS through a tax code called Section 125.
A flexible benefit plan is truly a Win-Win benefit for both employer and employee.
Simplify… and watch your tax savings grow
ABS helps make life easier for your company as we take on all the administrative plan details. To learn more go to How to Start an ABS Flexible Benefit Plan.
Give your company a tax break… Call ABS today (877) 732-8125 ext. 452, for more information.