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
David Ozeroff, President Ace Childcare Inc.
Wolf Island Networks
John Rodia, President
Bucks County Women’s Healthcare
Tom & Geri’s World Travel
Tom Mellon, President
David Zarrinnia, President
I am so grateful for the amazing service!
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. He took his 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! Franklin S
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
-Terry Farber, Elder Law Attorney
Zola Makrauer DMD
Netstride Internet Solutions
Gregory Tarallo, President Netstride Internet Solutions
BKZ Contractors Inc.
Brian Zeldes, President BKZ Contractors Inc.
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
Excel Capital Funding
Ricky Boone, President-Excel Capital Funding LLC
Joseph Pintimalli CPP
Simplifi Payroll & HR
Coburn Myers Fastening Systems
Ted Harp, Controller
David Caddick, President of Caddick Construction
Dave Margolis, President Damar Communications:
Very knowledgeable and experienced.
Superior Commercial Kitchens
Frank Livolsi, President-Superior Commercial Kitchens
The Gannon Agency
Steve Gannon, President , The Gannon Agency
over and above the call of duty
Total Child Care
Associated Printing & Graphics
S&S Sign Company
Gina Seibel, Vice President S&S Signs
Cardinal International Grooving & Grinding
-Linda Organski, Director of Human Resources
Bonnie Greisler, President of The Men and Boy's Store
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
Prodigy Learning Center
Christine Viteo, R.N. Executive Director, Prodigy Learning Center Philadelphia.
Greater Philadelphia Abstract
Susan Harrison, Principal, Greater Philadelphia Abstract Agency
Arlene Blosch, President
Helped our family with all the switching around, so we where never without health insurance benefits or lacked in care.
Igor Bogdanov, Principal, Webucast
Denis Sinelkov-President Media Components
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
They really know what they are doing
Jennifer helped me figure out the best health insurance options and made the whole process easy and effortless. Thank you!
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
Frank McCafferty, President
Riverside Physical Therapy
Joe Tomasetti, President Riverside Physical Therapy
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
Barry Shevlin, President
Matt Deeter, President LTW Gentec
Christine Taylor: Self Employed
Grossman Public Relations
Sales Pros 4 Hire
Mike Hilbert, President, Sales Pros 4 Hire