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wanting to start a flexible spending cafeteria plan. Can this plan be self administered within the company?


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Posted

can a cafeteria plan be administered by someone within our company or does it have to be by an outside company?

Guest LisaAZ
Posted

You can certainly administer a cafeteria plan inhouse. You should work with your broker, however, to ensure you are in compliance with all of the required laws.

Posted

Or discuss with one of the companies that does such administration, to determine costs as well as administrative duties.

Some of them are listed here: http://www.benefitslink.com/yellowpages/cafeteri.shtml

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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