Tax-advantaged plan allows employees to purchase qualified benefits.

A Section 125 plan or cafeteria plan is a written plan maintained by an employer where all eligible employees may choose from among two or more benefits consisting of cash and qualified benefits, which are not includable in the gross income of the employee. Unless certain conditions are met, elections under a cafeteria plan, once made, cannot be changed or revoked. FBMC’s Premier125 plan offers qualified benefits that include employer-provided accident and health plans; group-term life insurance; dependent care assistance programs and adoption assistance programs.

• - Consulting Services
• • Plan design options and recommendations
  • Brokerage and consulting services
  • Pre and post tax voluntary benefits
  • Prepare, distribute and evaluate request for Proposals
  
  
• - Experienced Account Management
• • Experienced Account Manager is assigned
  • Toll-free access for employer's staff
  • Client report package
  
  
• - Enrollment and Fulfillment
• - Internet or Paper Enrollment
• • Internet or paper enrollment
  • On-site group meetings
  • Employee election information exchanged
  • Confirmation packages sent to participants
  
  
• - Award winning Benefit Enrollment Materials
• • Award winning electronic or printed enrollment and communication material
  • Standard or customized materials
  • Enrollment booklets, flyers, newsletters
  • Employer schedules and announcements
  
  
• - Deduction Management
• • Payroll contributions via ACH, wire, check
  • Reconciliation of contributions and posting to customer accounts
  • Discrepancy reporting, full reconciliation and posting contributions
  
  
• - Excellent Customer Service
• • Toll-free bilingual Representatives M–F, 7am to 10pm ET
  • Open Enrollment, New Hire, Change in Status support
  • 24/7 secure internet and IVR Self-service access
  • Account Information, Forms, Instructions, FAQs
  
  
• - Medical & Dependent Care Claim adjudication
• - Flexible plan design options
• - Implementation strategy recommendations
• - IRS-compliant Administration
• • Standard or customized plan documents
  • Regulatory updates
  • HIPAA Certificates
  • Discrimination testing
  
  
• - FICA savings to Employer and Employee