Do we still need to track Section 125 data?

[Guest FREE401k]

We are a TPA and at the end of each quarter our 401(k) Plan Sponsors send us employee census data for the quarter. In the past this information has included Section 125 data (health insurance premiums, etc.) paid by each person. Since the 25% annual additions limit has been raised to 100%, we think we don't need to get this 125 data anymore. Any thoughts? Thanks in advance...

[Blinky the 3-eyed Fish]

Unless a plan's compensation definition excludes these amounts, I can't think of a reason why you would need it anymore.

[Guest FREE401k]

Thanks for the quick response and I love your username! Reminds me of a saying my boss uses frequently: in the land of the blind, the one-eyed man is king. Anyway, do you mean that unless our Plan document's definition of compensation includes these amounts, we don't need them? You said exclude but I think that it would be we don't need them unless the document includes them... Or maybe I'm just being dense... Thanks again.

[Blinky the 3-eyed Fish]

Thanks for the complement. I just meant that you need to arrive at the compensation as defined in the plan versus the information the client has provided.