Many small companies simply do not take advantage of tax advantaged programs to help reduce their benefit costs. Programs such as Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA) Dependent Care Accounts (DDC) and Transit Accounts are often inexpensive to set up and maintain.
The IRS Code has numerous provisions designed to help employers provide essential benefits to their employees tax-free. This saves the employee approximately 30% in income taxes on expenses they’re already paying for, and because the employees have reduced their taxable income, the employer realizes a reduced matching payroll tax liability of approximately 8%. Everybody saves money. To take advantage of these tax deductions the IRS requires that the employer have a written plan document and the Department of Labor and ERISA law require that every employee receive a summary plan description (SPD) explaining the new benefit in easy to understand language.
Available Documents Include:
Section 125 Cafeteria Plans
Section 125 Premium Only Plans
Health FSA for Medical Expenses
Dependent Care Assistance FSA
Health Savings Accounts – HSA
Health Reimbursement Arrangements – HRA
Section 105 Self-Employed HRA
Section 132 Transit & Parking plans
ERISA WRAP SPD DOCUMENTS<—–NEW
Denis Sinelkov-President Media Components
The Gannon Agency
Steve Gannon, President , The Gannon Agency
Pete’s Clown House Luncheonette
Igor Bogdanov, Principal, Webucast
Arlene Blosch, President
Ed, you and your team have done it once again. Thanks for taking the time to come onsite and meet with us and our staff to help us understand the new HRA benefit. As always you have gone above and beyond the call. Thank you!
Barry Gerber, President
Tom & Geri’s World Travel
Tom Mellon, President
Dave Margolis, President Damar Communications:
Solomon Bread & Rolls/Kaplan’s Bakery
Coburn Myers Fastening Systems
Ted Harp, Controller
The MCG Group
Steve Young, Managing Partner
Stephanie Churchill, President
Sales Pros 4 Hire
Mike Hilbert, President, Sales Pros 4 Hire
Prodigy Learning Center
Christine Viteo, R.N. Executive Director, Prodigy Learning Center Philadelphia.
Matt Deeter, President LTW Gentec
Amy H- Individual Client on the healthcare.gov marketplace
-Terry Farber, Elder Law Attorney
We are very happy with George's plan - do we need to do anything to renew? Thank you very much for all your help!! I am so glad I found you a couple of years ago!!!! 🙂
As a commercial realtor I spend 90% of my time on the road and do not find myself at a desk very often. Having Total Benefit Solutions, Inc. as my broker makes the task simple, fast and to the point. And I never waste time on hold with the insurance company any longer. Thanks again Ed and Total Benefit Solutions Inc!
S&S Sign Company
Gina Seibel, Vice President S&S Signs
Netstride Internet Solutions
Gregory Tarallo, President Netstride Internet Solutions
Jeff Gross, President Nozak Enterprises, DBA Supercuts
Bucks County Center for Independent Living
Ginny Fiorintine, Exective Director
Riverside Physical Therapy
Joe Tomasetti, President Riverside Physical Therapy
Barry Shevlin, President
A.L. Verna & Company
We thought we had a good broker until we met Ed and the team. They helped us avoid making a mistake that would have cost us thousands more.
Thanks Ed!-Paul Verna, President
Amy Murray Hyde, Account Representative, CBDI, Inc.
Bucks County Women’s Healthcare
Art 4 Business
Heather Gibson, COO, Art 4 Business Inc
Uncle Bill’s Country Market
– Bill Smith, President
Zola Makrauer DMD
David Zarrinnia, President
Cardinal International Grooving & Grinding
-Linda Organski, Director of Human Resources
Beth Sholom Congregation
Harvey Friedrich, Executive Director, Beth Sholom Congregation
Perfect Move Inc
Bob Simons, Vice President of Perfect Move, Inc.
Superior Commercial Kitchens
Frank Livolsi, President-Superior Commercial Kitchens
Wolf Island Networks
John Rodia, President
Excel Capital Funding
Ricky Boone, President-Excel Capital Funding LLC
Greenwood Financial Services
-Bob Lankin, Branch Manager at Greenwood Financial Services of Raymond James Financial
Associated Printing & Graphics
Christine Taylor: Self Employed
Bonnie Greisler, President of The Men and Boy's Store
Frank McCafferty, President
Total Child Care
Bucks County TMA
BKZ Contractors Inc.
Brian Zeldes, President BKZ Contractors Inc.
Greater Philadelphia Abstract
Susan Harrison, Principal, Greater Philadelphia Abstract Agency
David Fiebert Inc
-David Fiebert, President
Dr Franklin Strong
Thank you for you great assistance and explanations through this insurance maze for Nancy and I….click here to read the letter from Dr Strong
Grossman Public Relations
Bob Flemming, President
American Dream Financing
Brett Stern, Principal-American Dream Financing
Lisa Kruse, President Angelmark Associates
Van Dyne Insurance
As a Property & Casulaty agent I am often asked to provide L-H-D products. I am confident when I refer my clients and associates to Ed for their Life, Health and Disability services that they will be treated with the same level of care I would offer them. Ed provides a menu of options that suit the clients preferences giving them a chance to choose which best suits them.
Ed now handles my company's health plan; Total Benefit Solutions, Inc. is top notch!
Donna Van Dyne, President VanDyne Insurance Agency
David Caddick, President of Caddick Construction
David Ozeroff, President Ace Childcare Inc.
Chris Handley, Account Executive Savoy & Associates (United Healthcare)