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How does a Section 125 Cafeteria Plan benefit the employer?

April 26, 2017benefit cafeteria plan employer section

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How does a Section 125 Cafeteria Plan benefit the employer?

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An employer can deduct any voluntary contributions made by their employees from the company’s reportable payroll. These deductions will create savings in FICA taxes and insurance premiums that are based on payroll (such as Workers Compensation).