Flex Plan Administration

As health care costs are rising, employee benefits plans are becoming increasingly important to both employees and employers. The experienced staff at CDSA is available to meet with you to discuss the plan options in high detail and help you decide which type of plan best meets your needs.

CDSA-Flex

We are committed to offering our clients personal, year-round plan support including:

  • Plan design to meet the specific needs of your company
  • Plan documents and summary plan description updates
  • CDSA representation at employee informational meetings
  • Employee online access to individual accounts
  • Nondiscrimination testing and analysis of corrective measures if necessary
  • Personalized service, including an Employee Benefits Administrator assigned to each client

Cafeteria (Flex) Plans

A cafeteria plan is referred to as flexible compensation because it allows employees to be more flexible with their salary and benefits. They can be used for medical and dependent care expenses. With a cafeteria plan, employees elect to fund benefit accounts through pre-tax salary reductions. When employees contribute to their cafeteria plan, they save on federal and state income tax, along with FICA and Medicare taxes (approximately 30%).

Cafeteria plans offer the employer an opportunity to lower benefit costs and save FICA and Medicare taxes on employee contributions to the plan (7.65%).

In addition to saving employees and employers money, cafeteria plans increase employer and employee choices and provide employees with a positive image of the benefits offered to them.

We offer administration of the following Flex Plans:

 

Administrative

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