CafSmart (Cafeteria Doc)
A component of our EZERISA DocSmart Solutions Suite, our EZERISA CafSmart Document Solution ensures that you do not forget about the required basics! Almost every Employer requires their employees to pay some portion of the cost of benefits from their pay. And, many Employers offer flexible spending accounts, voluntary benefits and dependent care benefits. Such benefits are provided through employee from pre-tax contributions and must be made, in accordance with required documentation. When was the last time you updated your document, or maintained a document, or received guidance from an industry-leading source to validate your approach to your Cafeteria Plan? Our EZERISA CafSmart Solution permits pre-tax premium, flexible spending accounts, voluntary benefits, dependent care accounts and health savings account deductions. Get compliant and stay compliant with EZERISA DocSmart Solution Suite.
With your EZERISA CafSmart Documentation Subscription, you will receive:
- Cafeteria Plan and Summary Plan Description Unified Section 125 Pre-Tax Premium Plan, With Optional Health Savings Account, Flexible Spending Account, Dependent Care Account and Voluntary Plan Payments.
- EZERISA DocSmart Portal Technology
- EZERISA AdviceSmart Compliance Intelligence Technology
- Warranty
- Cafeteria Plan Election Form Template
FAQs – Cafeteria Plans
Why do I need a plan document?
Almost every employer requires employee contributions toward some form of health and welfare benefit. Whether it is just premium pre-tax payments, or a full flexible spending account and dependent care assistance account or health savings account, you need a written document to govern the program. There are many reasons for this. First, this plan is a type of employee benefit and as such, ERISA Section 402 requires a Plan Document and ERISA Section 102 requires a Summary Plan Description. Most employers will include the cafeteria plan documentation in the Wrap Plan Document and Summary Plan Description.
IRS will also require a written document consistent with Internal Revenue Code Section 125, under which these arrangements operate.
If I only have pre-tax premium payment benefits, do I still need a document?
Yes.
If I have flexible spending account plan, dependent care assistance plan or health savings plan options, will the EZERISA CafSmart Document Subscription allow me to include these options?
Yes, it sure will.
Ways to Subscribe
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