ASHREI is a benefits management consulting firm and independent life/health insurance agency brokerage, that services businesses, organizations, and individuals. ASHREI is an independent employee benefits and management consulting firm, life and health insurance agency brokerage that saves businesses and individuals time and money by reducing their stress over benefits implementation and managemen
t of employees. At ASHREI, we are committed to focusing on our clients' problems until effective solutions are implemented and benefits realized, building value for business owners. What is a Cafeteria Plan? A cafeteria plan, including a flexible spending arrangement, is written to allow your employees to choose between receiving cash or taxable benefits instead of certain qualified benefits for which the law provides an exclusion from wages. If an employee chooses to receive a qualified benefit under the plan, the fact that the employee could have received cash or a taxable benefit instead will not make the qualified benefit taxable. Generally, a cafeteria plan does not include any plan that offers a benefit that defers pay. However, a cafeteria plan can include a qualified 401(k) plan as a benefit. Also, certain life insurance plans maintained by educational institutions can be offered as a benefit even though they defer pay. Are you a Business Owner or Decision-maker? Business owners and key decision-makers must read this executive summary regarding the changing employee benefits landscape affecting your business or organization. Here are some questions to consider: Do you have an effective wellness program already in place? Are you loosing cash from high staff turnover due to thin employee benefits offerings? In short, are you getting an adequate ROI from your benefits investment? Consider the value a robust array of voluntary benefits can offer. Although cafeteria plan regulations can be complex, ASHREI can be your advisor to help you avoid some common mistakes in selecting an appropriate benefits plan during this significant change in health care requirements. As a matter of fact, when our clients better and expand, so do we; therefore, it is always in our best interest to do all we can to make our clients as successful as possible. So, if you are serious about adding real value while cutting your overhead, then you are the type of person with whom we would like to do business.