Section 125 Cafeteria Plans: Making Sense of the IRS Rules (OnDemand Webinar)

$209.00

SKU: 408128EAU Categories: ,

Description

Course Description

Ensure your cafeteria plans are set up correctly and things are done right the first time.

Cafeteria plans are common, but many employers become overwhelmed by the IRS regulations that govern these plans. In addition, determining when a participant can change their election is not straight forward. This presentation is designed to provide employers with guidance on the benefits of offering a cafeteria plan, a better understanding of the change in status rules and offer practical advice to help avoid administrative and compliance issues.

Learning Objectives

– You will be able to define cafeteria plans.
– You will be able to explain the benefits of offering a cafeteria plan.
– You will be able to discuss when a participant can change their cafeteria plan election.
– You will be able to describe the cafeteria plan implications of offering cash in lieu of coverage under a group health plan.

 

Presenter: Patricia L. Beaty, Esq., Taft Stettinius & Hollister, LLP Alexander J. Mate, Esq., Taft Stettinius & Hollister, LLP
Credits*: AIPB, ASA, CLE, HR Certification Institute, CPE, SHRM
Time of program 65 min, 1 pm ET
Date of program September 13, 2024

What Is a Section 125 Cafeteria Plan?
• How Do They Work?
• What Are the Advantages of Having One?

What Are the IRS Requirements for a Cafeteria Plan?
• Who Can Be Allowed to Participate?
• What Benefits Can Be Offered Through a Cafeteria Plan?
• How Do the IRS Nondiscrimination Rules Affect a Cafeteria Plan?

What Rules Apply to Participant Elections?
• How Can Elections Be Made?
• How and When Can Elections Be Changed?

How Does ERISA Affect Cafeteria Plans?

What About Mistakes?
• Mistakes That Can Be Fixed and Those That Can’t
• Tips for Avoiding Mistakes

AIPB ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Presenter: Patricia L. Beaty, Esq., Taft Stettinius & Hollister, LLP Alexander J. Mate, Esq., Taft Stettinius & Hollister, LLP