Even though Section 125 cafeteria plans are common, ERISA compliance can be an oversight for many employers. Here’s what you need to know. Find us at https://www.bernieportal.com/hr-party-of-one/ (https://www.bernieportal.com/hr-party-of-one/)
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▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
US Code 125 - Cafeteria plans | Internal Revenue Code https://www.law.cornell.edu/uscode/text/26/125 (https://www.law.cornell.edu/uscode/text/26/125)
Understanding Section 125 Cafeteria Plans| SHRM https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/understanding-section-125-cafeteria-plans.aspx (https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/understanding-section-125-cafeteria-plans.aspx)
Meeting Your Fiduciary Responsibilities | US Department of Labor https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/meeting-your-fiduciary-responsibilities.pdf (https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/meeting-your-fiduciary-responsibilities.pdf)
Understanding Your Fiduciary Responsibilities Under a Group Health Plan | US Department of Labor https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/understanding-your-fiduciary-responsibilities-under-a-group-health-plan.pdf (https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/understanding-your-fiduciary-responsibilities-under-a-group-health-plan.pdf)
Reporting and Disclosure Guide for Employee Benefit Plans | US Department of Labor https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/reporting-and-disclosure-guide-for-employee-benefit-plans.pdf (https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/reporting-and-disclosure-guide-for-employee-benefit-plans.pdf)
What is the difference between a plan document and a summary plan description? | SHRM
Form 5500 Series | US Department of Labor https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/whatsthediffbetweenplandocsandasummaryplandescription.aspx (https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/whatsthediffbetweenplandocsandasummaryplandescription.aspx)
Publication 15-B (2022), Employer's Tax Guide to Fringe Benefits | Internal Revenue Service https://www.irs.gov/publications/p15b#en_US_2022_publink1000193632 (https://www.irs.gov/publications/p15b#en_US_2022_publink1000193632)
Alpine TPA https://www.alpinetpa.com/ (https://www.alpinetpa.com/)
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