Pre-Tax Premium Plan (PTP)
A Pre-Tax Premium plan is a straight-forward employee benefit that allows employees to pay their portion of your group sponsored insurance premium with pre-tax dollars. By using pre-tax dollars, employees reduce their income taxes and ultimately save money. You save money too by paying less in payroll taxes.
ProcessWorks Provides
Compliant Legal Documentation
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Plan Document
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Adoption Resolution
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Summary Plan Description
Distinguished Services
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Employee Announcement Letters
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Waiver of Pre-Tax Premium Plan Forms
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Payroll Information
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Discrimination Self-Test Instructions
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IRS and Department of Labor Compliance
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Form 5500 Signature Ready Document
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