Voluntary
Benefit Payroll Deduction plans have become increasingly
popular among employers and employees alike. Employers appreciate
the offerings because it allows them to offer a complete
line of benefits without having to actually pay for any of
the actual costs.
Many of these plans
can be purchased with payroll reduction through a section
125 plan. Employees can save on their income taxes while
employers can save through FICA, Medicare, Workers Compensation
and Unemployment tax reductions. This is truly a Win Win
proposition.
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