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  • Employer Cafeteria Plan Salary Redirectionreduction Agreement

Get Employer Cafeteria Plan Salary Redirectionreduction Agreement

EMPLOYER CAFETERIA PLAN SALARY REDIRECTION/REDUCTION AGREEMENT EMPLOYER: EMPLOYERS TAX ID NUMBER: AFFILIATES NAME/LOCATION: AFFILIATES TAX ID NUMBER: Aflac Benefit Services FSA? J Yes J No CAFETERIA.

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How to fill out the Employer Cafeteria Plan Salary Redirection/Reduction Agreement online

This guide provides clear and supportive instructions on filling out the Employer Cafeteria Plan Salary Redirection/Reduction Agreement online. Whether you are new to this process or looking for a refresher, this step-by-step approach will help you complete the form with confidence.

Follow the steps to successfully complete the form online.

  1. Click ‘Get Form’ button to obtain the document and open it in your selected digital format.
  2. Begin by filling in the employer's name and tax ID number in the designated fields at the top of the form.
  3. Next, provide the affiliate's name and location along with their corresponding tax ID number.
  4. Indicate whether you are an Aflac Benefit Services FSA participant by checking 'Yes' or 'No'.
  5. Specify the cafeteria plan year by entering the start and end dates in the appropriate fields.
  6. Select whether you are enrolling during open enrollment or if you are a newly eligible employee, and indicate your eligibility date if applicable.
  7. Enter your social security number, date of birth, and contact phone number.
  8. Fill in your name, street address, city, state, and ZIP code.
  9. Provide your email address for communication purposes.
  10. Enter the number of payroll cycles in the plan year and the date of the first deduction.
  11. Select your payroll mode (weekly, biweekly, semimonthly, or monthly).
  12. Confirm your enrollment in any benefit or insurance coverage and understand that deductions will occur continuously throughout the plan year.
  13. Select your desired coverage options from the provided lists and indicate whether these contributions will be pre-tax or after-tax.
  14. Complete the medical and dependent care FSA plan sections by inputting amounts per pay period and the total annual election.
  15. Initial to acknowledge understanding the features of the Flexible Benefits Plan, and sign and date the agreement.
  16. Review the completed form for accuracy before saving, downloading, printing, or sharing as necessary.

Complete the Employer Cafeteria Plan Salary Redirection/Reduction Agreement online today for seamless participation in your benefits.

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What is a cafeteria plan? Cafeteria Plans are an employer-sponsored benefit that lets employees pay certain qualified medical expenses – such as health insurance premiums for medical, dental, and vision coverage – on a pre-tax basis.

Employer contributions to the cafeteria plan are usually made pursuant to salary reduction agreements between the employer and the employee in which the employee agrees to contribute a portion of his or her salary on a pre-tax basis to pay for the qualified benefits.

Salary Redirection Agreement means an agreement between the Participant and the Employer under which the Participant agrees to reduce his Compensation or to forego all or part of the increases in such Compensation and to have such amounts contributed by the Employer to the Plan on the Participant's behalf.

One of the main benefits of a cafeteria plan is the fact that it lowers your tax liability. By making pre-tax contributions to the plan, you reduce your gross income. Payroll taxes are deducted based on gross income, so the lower it is, the less tax you pay.

What exactly is needed to qualify as a cafeteria plan? At least one taxable benefit option and one qualified pre-tax benefit. Qualified benefits include accident and health benefits, adoption assistance, dependent care assistance, group-term life insurance coverage or health savings account.

If the plan provides only taxable benefits, then it is not a cafeteria plan. The plan must offer employees a choice between at least one taxable benefit (e.g, cash) and one nontaxable benefit. If the plan provides only taxable benefits, then it is not a cafeteria plan.

A cafeteria plan is defined in § 125(d)(1) as a written plan maintained by an employer under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

Here are four examples of cafeteria 125 healthcare benefits for employees: Premium-only plan (POP) With a POP plan, employees pay for their health insurance benefits with their pretax income. ... Health savings account (HSA) ... Flexible spending accounts (FSA) ... Dependent care assistance plan (DCAP)

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232