Use it as a non-taxable deduction (like medical) in Vantage. Dump it into
a file and send it to a provider. I would never recommend doing a
cafeteria plan yourself. Way too much paperwork. Our provider charged $4
a month per participating employee + $20 a year per participating employee.
They provide direct deposit of the funds (or a check) for one-time and
recurring expenses. They also send quarterly statments to all
participants. The provider deducts the amount in the file we send from our
checking account and we offset that in a clearing account that mirrors the
account of the employee deduction .All we have to do is a yearly
informational session. The employee sends in the application and
reimbursement requests. It works very well with very few questions or
complaints. The cost of the plan is more than offset by the employers
Social Security/Medicare tax savings. Call if you need more information.
Alex Neutgens
Controller
Circuit Check, Inc.
Phone 763-694-4110
Fax 763-694-4151
-----Original Message-----
From: Wilmoth, Deb [SMTP:Deb@...]
Sent: Wednesday, August 22, 2001 4:01 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Section 125 Cafeteria Plans-Anyone doing them through
Vantage?
<< File: ATT00043.htm >>
a file and send it to a provider. I would never recommend doing a
cafeteria plan yourself. Way too much paperwork. Our provider charged $4
a month per participating employee + $20 a year per participating employee.
They provide direct deposit of the funds (or a check) for one-time and
recurring expenses. They also send quarterly statments to all
participants. The provider deducts the amount in the file we send from our
checking account and we offset that in a clearing account that mirrors the
account of the employee deduction .All we have to do is a yearly
informational session. The employee sends in the application and
reimbursement requests. It works very well with very few questions or
complaints. The cost of the plan is more than offset by the employers
Social Security/Medicare tax savings. Call if you need more information.
Alex Neutgens
Controller
Circuit Check, Inc.
Phone 763-694-4110
Fax 763-694-4151
-----Original Message-----
From: Wilmoth, Deb [SMTP:Deb@...]
Sent: Wednesday, August 22, 2001 4:01 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Section 125 Cafeteria Plans-Anyone doing them through
Vantage?
<< File: ATT00043.htm >>