The IRS allows employers to offer benefits to its employees on a pre-tax basis, as long as the employer complies with specific cafeteria plan regulations.
Many of these requirements are often overlooked or misunderstood, resulting in the potential for significant tax consequences for plan sponsors and participants.
This webinar will provide an understanding of common mid-year election change mistakes and how to remedy those issues.
During this session, you will learn:
- Benefits of Cafeteria Plans
- Cafeteria Plan Documentation Requirements
- Mid-Year Election Change Procedures
- Consistency Rule
- HIPAA Special Enrollment
*This activity has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ re-certification through HR Certification Institute® (HRCI®). This program is valid for 1 PDC for the SHRM-CP or SHRM-SCP.