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Section 125 Flexible Benefits Plan ProposalsTITLE:Section 125 Cafeteria Plan ProposalsISSUE DATE:September 26, 2018DUE DATE:October 12, 2018DELIVER TO:Kelly G. Jones, Finance
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How to fill out section 125 flexible benefits
How to fill out section 125 flexible benefits
01
To fill out section 125 flexible benefits, follow these steps:
02
Obtain the Section 125 Plan Document from your employer or benefits administrator.
03
Review the document to understand the available flexible benefit options and rules.
04
Determine the amount of pre-tax salary you wish to contribute towards flexible benefits.
05
Select the benefits you want to enroll in, such as health insurance, dental coverage, dependent care assistance, or commuter benefits.
06
Complete the enrollment form provided by your employer or benefits administrator.
07
Provide any required documentation, such as proof of dependent eligibility or dependent care expenses.
08
Submit the completed enrollment form and supporting documents to your employer or benefits administrator by the designated deadline.
09
Keep a copy of the enrollment form and any related documents for your records.
10
Review your paycheck or benefits statement to ensure that the elected flexible benefits are being deducted correctly and that you are receiving the desired benefits.
11
Contact your employer or benefits administrator if you have any questions or need assistance with your section 125 flexible benefits.
Who needs section 125 flexible benefits?
01
Section 125 flexible benefits are beneficial for:
02
- Employees who want to lower their taxable income by contributing to pre-tax benefits.
03
- Individuals who have eligible dependents and require assistance with dependent care expenses.
04
- Those who need health insurance coverage or want to take advantage of other available benefits like dental or commuter benefits.
05
- Employees who want to customize their benefits package to meet their specific needs and preferences.
06
- Employers who want to offer their employees diverse and flexible benefits options.
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