Understanding Section 125 Plans

Clear Law Institute

In this practical webinar, you will discuss Section 125 cafeteria plans, which allow employees to pay certain qualified expenses on a pre-tax basis. While these plans are often the foundation of how employers provide benefits to their employees, the underlying law governing these plans can be tricky. Among other things, you will learn:

• Core prerequisites to create a Section 125 plan
• Fundamental requirements of Section 125 nondiscrimination rules
• How to administer midyear election changes

Upon course completion, you will be able to:

• Identify eligible and ineligible participants
• Determine when to allow midyear election changes
• Correct “mistaken” elections
• Recognize potential Section 125 nondiscrimination concerns

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