Overview of Section 125 Cafeteria Plans

During this webinar, Stacy H. Barrow, Esq., BAN’s Director of Compliance, discusses Section 125 “cafeteria” plans.  We’ll discuss which benefits can and cannot be offered under a cafeteria plan, the various nondiscrimination rule that apply to cafeteria plans and FSAs, and how to correct mistakes and administrative errors.  We’ll also review the events that permit midyear election changes.

Takeaways include:

1. An understanding of what benefits can and cannot be offered under a cafeteria plan;
2. When pre-tax elections can be changed during the year; and
3. How cafeteria plan nondiscrimination rules work.