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Premium Only Plans
For companies with up to 49 employees and/or less than $3mm in plan assets
Are your employees paying for their group insurance premiums after taxes are withheld? Are you currently an ADP payroll client?
A simple way to reduce taxes for your employees and your company
- Allows group insurance premiums to be withheld pre-tax, according to Section 125 of the Internal Revenue Code
- Reduces employees' taxable income in most cases, which increases take home pay
- Your company Social Security and Medicare tax expense is reduced
The ADP Advantage
- Integrate tax savings with existing ADP payroll services
Plan highlights
- Implementation assistance to ensure complete integration with existing payroll protocol
- Materials for initial and open enrollment
- Premium Only Plan document and Plan Summary maintained in legal compliance
- Non-discrimination testing/guidelines
NOTE: ADP's Premium Only Plans are available to ADP payroll clients using AutoPay & EasyPay.
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