Products and Services
Cafeteria Plans
Cafeteria plans allow employees to make a choice between receiving taxable cash compensation or tax-free qualified benefits.
Generally, qualified benefits under a cafeteria plan are not subject to FICA, FUTA, Medicare tax, or income tax withholding. The
considerable tax-savings that cafeteria plans afford have made them popular with employers and employees.
Significa Benefit Services has been providing comprehensive cafeteria plan administration services since 1993. We administer the three most common qualified
benefits that can be offered under a cafeteria plan:
- Premium Only Plans (POP)
- Health Care Flexible Spending Account Plans (HCFSA)
- Dependent Care Flexible Spending Account Plans (DCFSA)
