Contact Us:
(800)350-5647

Shorepoint Insurance Services
1120 Bristol Street
Costa Mesa, CA 92626
View on Google Maps

Office: 714-430-0035
Toll Free: 800-350-5647

CA License: 0K07568 

Shorepoint Insurance is here when you need us most.

SECTION 125 – CAFETERIA PLANS

At Shorepoint Insurance Services, we have Benefit Experts who can review and implement the plan that is right for you and your employees. We can offer the following:

  • Section 125 – Premium only plan
  • Medical Flexible Spending Accounts
  • Dependent Care Flexible Spending
  • Full Flex Plans (defined contribution)

Section 125 of the Internal Revenue Code, also referred to as a “Cafeteria Plan,” offer significant benefits to employer and employees alike. These benefits include significant tax savings as well as maximizing the overall value of employer and employee benefit dollars.

By offering these benefits, the employers save money, as they do not pay FICA or FUTA tax on the amounts contributed through the cafeteria plan. Additionally, the amounts the employees are paying toward their premiums are not considered wages for the purpose of determining worker’s compensation premiums.

The employees save money because they can pay for their share of their medical benefits with pre-tax dollars. These premiums are exempt from federal income tax, Federal Insurance Contribution Act (FICA), and the Federal Unemployment Tax Act (FUTA) taxes.

For more information on Section 125 – Cafeteria Plans, please contact Shah at ext. 219.

 
 
SHOREPOINT
INSURANCE SERVICES

1120 Bristol Street
Costa Mesa, CA 92626
View Google Maps

CA License: 0K07568

Office: 714-430-0035
Toll Free: 800-350-5647