Cafeteria Plan (Section 125)

Through Section 125 cafeteria plans, you can take advantage of tax benefits and offer a tax savings to your employees as well. Employee's taxable income is reduced along with your company's tax liability. What does all this mean? Significant savings for your company and your employees. We can provide cost-effective ways to manage plans and maximize pre-tax contributions.

First Financial offers the following services with our Section 125 plan:

Sample Plan Documentation

 A description of the benefits offered under the plan and how the plan will be administered.

NonDiscrimination Testing

Discrimination testing worksheets including the 25% key employee test and the 55% average benefits test for daycare.

Annual Employee Enrollment

 Your account manager will help with annual enrollment, including updated employee election forms.

Plan Installation and Maintenance

 Initial plan set up and assistance in maintaining compliance with Section 125 rules and regulations.

Online Technology

 A secured website with access to your account for payroll uploads, election forms, consolidated billing, and more. Learn more about our Administrative Tools.

Recordkeeping Services

Recordkeeping for flexible spending accounts. Claims adjudication and generation of reimbursement checks are included as well.