Get Section 125 Application - Ncbehealth.com

Completing the Section 125 Application is an essential step for employers looking to implement a salary reduction plan. This guide provides a step-by-step approach to effectively fill out the application online, ensuring that all necessary information is accurately provided.

Follow the steps to successfully complete your application.

1. Press the ‘Get Form’ button to obtain the Section 125 Application, and open it in your chosen editor.
2. Begin by entering the general information required, including the builder's exchange or association name and the number of employees. Ensure the employer's legal name is clearly written.
3. Select the appropriate business structure from the options provided such as C-Corp, SubChapter S, Partnership, Sole Proprietor, or Other. Clearly mark your selection.
4. Fill in the Employer's Federal Tax ID number, street address, and legal mailing address if it differs from the primary address. Include city, state, zip code, phone number, fax number, and email information.
5. Indicate the desired effective date of the plan and the start and end dates for the first plan year.
6. Specify the subsequent plan anniversary date by marking the appropriate month and day.
7. Select the benefits that will be offered under the Section 125 plan by checking the boxes next to options such as medical insurance, dental insurance, and others applicable.
8. Choose the participation and eligibility criteria by selecting one of the options for full-time employees and ensure that the choice aligns with your company’s policies.
9. Sign and date the application in the authorized applicant section, and ensure to include the program manager's details and signature as well.
10. After completing the application, save your changes. You can then choose to download, print, or share the form as needed.

Complete your Section 125 Application online today to ensure compliance and take advantage of tax benefits.