Changes to Cafeteria Plans: What You Need to Know to Prepare

Lorman Education Services

Gain a full understanding of the regulations and requirements to offer these valuable benefits to your employees.

Employers often permit their employees to pay for some of their welfare benefits on a pre-tax basis or to make pre-tax contributions to health and dependent care spending accounts. However, many do not know about the cafeteria plan requirements that must be satisfied to permit these pre-tax reductions in compensation. They also are often unaware of the pace at which those cafeteria plan rules are changing in response to federal legislative and judicial action. Not understanding the cafeteria plan rules can lead to adverse tax consequences for both the employer and their employees.

This timely topic will help persons responsible for cafeteria plan administration and compliance understand the foundational requirements applicable to every cafeteria plan and inform them of how the landscape is rapidly changing. Employers will be provided tools to help them ensure that their cafeteria plan design, documentation and administration are in compliance with applicable requirements. Explore design choices cafeteria plan sponsors can consider within the regulatory framework established by the IRS. Receive information you need to decide what if any changes to make in response to the rapidly changing landscape of cafeteria plan benefits.

Learning Objectives

• You will be able to explain code and ERISA requirements.
  
• You will be able to define grace period/carryover.
  
• You will be able to describe HRA/HSA interaction.
  
• You will be able to review Affordable Care Act updates.

More Information, How to Register