cafeteria benefit plans

• Cafeteria benefit plans

• Flexible benefits for small employers.

Cafeteria benefit plans

• Journal of Accountancy
• Vol. 191 Nbr. 3, March 2001

• Cafeteria plans offer flexible insurance options: This type of insurance coverage may benefit small-business owners and their employees.

Brief Article

• Alaska Business Monthly
• Vol. 18 Nbr. 4, April 2002

• County Weighs Better Benefits

At a time when Los Angeles County is on the hook for up to $9.4 billion to pay health benefits for retirees, the Board of Supervisors is set today to further sweeten the benefits package for current workers. The supervisors will vote today whether to increase monthly contributions to the so-called cafeteria benefit plans for nonunion employees from $591-$810 to $626-$852, beginning next year. They will also vote whether to raise short-term disability payments for both industrial and nonindustrial injuries from 40 percent to 70 percent of a worker's income after a two-week waiting period.

• Press Telegram
• September 13, 2005

• Health

In recent years, flexible benefit plans have become an integral part of many employers' benefits programs. Participation in these plans continue to rise. However, the groundwork for these plans has been set for nearly 30 years, as they were made possible through the Revenue Act of 1978. That federal law added Section 125 to the Internal Revenue Code, which provides the basis for flexible benefit plans commonly known as cafeteria plans, giving participants the ability to avoid taxation on wages which are deferred into the plan. General types of tax-qualified plans under Section 125 include: 1. cafeteria plans, 2. premium only plans, and 3. flexible spending accounts. Consumer-driven -care products became the newest entrants in the -care arena, starting with Reimburseme...

• Best's Review
• Vol. 108 Nbr. 9, January 2008

• Bernard v. Unemp. Comp. Rev. Comm., (Ohio 2012)

The amount of pretax pay that Appellant voluntarily elected to place in a flexible spending account for qualifying medical expenses, under her employer’s cafeteria plan, is expressly excluded from the definition of “remuneration” in Ohio’s unemployment compensation law. Therefore, this appellant did not meet the statutorily required minimum wage to be eligible for unemployment. The Ohio Department of Job and Family Services is the agency charged with implementing and administering this law. Its interpretation is reasonable, so its interpretation is owed deference. Judgment affirmed. (Fain, J., dissenting.)

...For a benefits application to be valid, Ohio’s unemployment  ...  {¶ 4}  Cafeteria plans “are benefit plans under which all participan...

• Ohio Supreme Court

• The design and operation of cafeteria plans: the flexibility of benefits choice can enhance employee moral and after-tax income.

Cafeteria benefit plans, because of the flexibility with which they can be structured, can be implemented at a relatively low cost and can provide higher employee morale and after-tax income. Cafeteria plans offer participants the choice between the benefits and cash without any constructive receipt problems. The result is lower social security taxes for employee and employer, higher after-tax income for employees and more flexibility for everyone. The designing and structuring of cafeteria plans are discussed, as well as the options such plans can offer employees.

• The Tax Adviser
• Vol. 24 Nbr. 10, October 1993

• Law Firm of Greensfelder, Hemker & Gale P.C. Announces Staffing Changes: March 5, 2005

The law firm of Greensfelder, Hemker & Gale P.C. is pleased to announce that Jamica D. Dowell has joined the firm as an associate in the employee benefits group. Dowell handles a variety of employee benefit issues involving qualified and nonqualified retirement plans, health and welfare arrangements, cafeteria plans and executive compensation. Dowell currently serves on the University of Missouri-Columbia School of Law Recent Alumni Board. Prior to joining the firm, she worked in the tax department at a national brokerage firm. She is admitted to practice in Missouri and is a member of the Bar Association of Metropolitan St. Louis and the Mound City Bar Association. In other Greensfelder news, Kevin F. Hormuth and Timothy M. Huskey have been named officers of the firm. Hormuth practices...

• St. Charles County Business Record
• March 05, 2005

• New rules for accident and health insurance cafeteria plans.

From The Tax Adviser The IRS issued new rules to conform administration of employee qualified benefit cafeteria plans to changes affecting those plans made by the Health Insurance Portability and Accountability Act of 1996. The rules permit plan year changes for specified status changes such as in marital or employment status. Plan procedures and documents must reflect changes.

• Journal of Accountancy
• Vol. 185 Nbr. 4, April 1998

• ERISA: law, interests, and consequences.

... (ERISA) preempted state law on employee benefits, required that federal courts adjudicate disputes ... have intensified the regulation of welfare plans such as health insurance. But in 1989, Congress re..., which permitted employers to set up cafeteria benefit plans and section 401 (k) plans.(18) . The...

• Journal of Economic Issues
• Vol. 28 Nbr. 1, March 1994

• Reg-142695-05

Proposed regulations under Section 125 provide guidance on cafeteria plans. A public hearing is scheduled for November 15, 2007.

...Employee Benefits - Cafeteria Plans. AGENCY: Internal Revenue Servic...

• United States. Internal Revenue Bulletin
• August 21, 2009