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
Grossman Public Relations
Sales Pros 4 Hire
Mike Hilbert, President, Sales Pros 4 Hire
Perfect Move Inc
Bob Simons, Vice President of Perfect Move, Inc.
Frank McCafferty, President
Joseph Pintimalli CPP
Simplifi Payroll & HR
Tom & Geri’s World Travel
Tom Mellon, President
Prodigy Learning Center
Christine Viteo, R.N. Executive Director, Prodigy Learning Center Philadelphia.
Pete’s Clown House Luncheonette
over and above the call of duty
Bob Flemming, President
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!
Superior Commercial Kitchens
Frank Livolsi, President-Superior Commercial Kitchens
Paige , President Paige Wolf Media and Public Relations
The staff at Total Benefit Solutions are knowledgeable and helpful. They've been a great partner to help me navigate health insurance for my senior mother. Anytime I've had a question or concern, Ed has been there to consult with and offer advice.
I highly recommend them! -Deb H
Ed and his team have been great with finding us the right health insurance plans at the right price. He is always available to answer questions and works with us to achieve our goals. -Adam F
Bonnie Greisler, President of The Men and Boy's Store
I was completely lost when looking for new health insurance. I called several brokers, and none would take the time to explain everything to me. (They ) took the time and explained everything to me and answered every question I asked, without sounding annoyed. I am so grateful for the amazing service! I highly recommend Total Benefit Solutions, Inc! -Ariel M.
Stephanie Churchill, President
Amy H- Individual Client on the healthcare.gov marketplace
Greater Philadelphia Abstract
Susan Harrison, Principal, Greater Philadelphia Abstract Agency
Zola Makrauer DMD
Chris Handley, Account Executive Savoy & Associates (United Healthcare)
Bucks County Women’s Healthcare
The Gannon Agency
Steve Gannon, President , The Gannon Agency
David Ozeroff, President Ace Childcare Inc.
Coburn Myers Fastening Systems
Ted Harp, Controller
Solomon Bread & Rolls/Kaplan’s Bakery
They really know what they are doing
Igor Bogdanov, Principal, Webucast
BKZ Contractors Inc.
Brian Zeldes, President BKZ Contractors Inc.
Bucks County TMA
I've been getting my health insurance through Ed at Total Benefit Solutions and his team for the past few years. It has always been a great experience. I had the pleasure of speaking to Jennifer this evening to renew my coverage. I'm very appreciative of her advice and help. She made it very easy. -Reita B
David Fiebert Inc
-David Fiebert, President
Netstride Internet Solutions
Gregory Tarallo, President Netstride Internet Solutions
Cardinal International Grooving & Grinding
-Linda Organski, Director of Human Resources
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
Excel Capital Funding
Ricky Boone, President-Excel Capital Funding LLC
David Zarrinnia, President
Uncle Bill’s Country Market
– Bill Smith, President
Ed and his staff were very helpful in getting me through the open enrollment process and answered my mother's questions with her Medicare enrollment. Most companies are only a phone call away, if you call during normal business hours. Ed responded to my questions and was very helpful when I sent a message over the weekend. Amazing customer service! -Fibrenew Lower Bucks