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Copyright 2002-2011 CCH INCORPORATED, DBA FTWILLIAM.COM. 1. ADOPTION AGREEMENT ... shall apply as to that provision. 4a. Plan Year means each ...
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A premium only plan (pop) is a Section 125 cafeteria plan that allows employees to use pre-tax dollars to pay for their share of employer-sponsored health insurance premiums.
Employers who offer a premium only plan (pop) to their employees are required to file it. However, specific requirements may vary depending on the jurisdiction and number of employees.
To fill out a premium only plan (pop), employers need to provide the necessary employee information, contribution amounts, and details of the health insurance premiums offered. It is recommended to seek professional assistance or consult the relevant guidelines and regulations for accurate and complete filing.
The purpose of a premium only plan (pop) is to allow employees to save money on taxes by using pre-tax dollars to pay for their share of health insurance premiums. It helps reduce employees' taxable income and increase their take-home pay.
The information that must be reported on a premium only plan (pop) typically includes employee details, the amount of pre-tax contributions made, and the health insurance premiums covered. Additional information may vary depending on the jurisdiction and reporting requirements.
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