Cafeteria Plans and Flexible Spending Accounts

Apr 20, 2010

fsa-2[2]Custom Tailor Your Benefits Package
A Flexible Spending Account (FSA) allows an employee to set aside a portion of his or her earnings to pay for qualified expenses as established in the cafeteria plan; most commonly for medical expenses but often for dependent care or other expenses. Money deducted from an employee’s pay into an FSA is not subject to payroll taxes, resulting in a substantial payroll tax savings to the employer and participating employees.

 

Build a better benefits package by giving employees the freedom to choose the types of coverage they need with an FSA program administered by TRPC.

 

Why Implement an FSA Program with TRPC?

  • To establish savings for employees
  • To establish tax savings for your company
  • To build a stronger benefits package to attract and retain employees
  • For the convenience of online services, account access and claim submission
  • For our quick turnaround time
  • For our experienced plan administrators who commit themselves to keeping your plan IRS compliant

 

Administrative Services to Meet Your Needs

  • Plan consultation
  • Complimentary participant education
  • Complimentary online enrollment
  • Online access to account information
  • Single log-in for 401(k) and FSA services
  • Debit cards
  • Online claim submission
  • Claims administration and review
  • Recordkeeping of participant accounts
  • Discrimination testing
  • Annual plan review