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Section 125 Plan Setup & Document Checklist Oswald Plan NEO Administration Company Thank you for choosing NEO to create correction 125 Plan Documents! 1735 Merriam Road Use this form only for the

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What is section 125 plan setup?

A section 125 plan, also known as a cafeteria plan, allows employees to choose between different types of benefits, such as health insurance and retirement savings, with pre-tax dollars.

Who is required to file section 125 plan setup?

Employers who offer a section 125 plan to their employees are required to file the plan setup.

How to fill out section 125 plan setup?

Employers must work with a qualified third-party administrator to set up and administer their section 125 plan in compliance with IRS regulations.

What is the purpose of section 125 plan setup?

The purpose of a section 125 plan setup is to provide employees with a way to pay for certain benefits with pre-tax dollars, reducing their taxable income.

What information must be reported on section 125 plan setup?

The section 125 plan setup must include details about the benefits offered, employee contributions, and any eligibility requirements.

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