As permited under IRS Section 125, the POP plan provides for tax savings advantages for both the employer and employee. Both parties save on taxes and, therefore, increase their spendable income.
Employees' pretax contributions are not subject to federal, state, or social security taxes. Employers save on the employer portion of FICA, FUTA, and workers' compensation insurance premiums.
Competitively priced, the POP Plan will permit an employer to take advantage of the tax savings made availabe under IRS Section 125. By allowing employees to make their premium payroll deductions on a pre-tax basis, employees will take home more spendable income and the employer will save on payroll taxes.
For additional informaton regarding our products or administration, please contact a CDA Associate.
Competitive Fee Schedule
Our competitive fee schedule keeps the fixed fees associated with the plan to a minimum.
On-Demand Claim Funding
Employers are not required to provide a reserve deposit. Benefits may be paid on-demand as claims occur.
Flexibility with Plan Design
Plans are designed to meet the needs of the client first and foremost--they are not designed to accommodate pre-established plan designs.