Section 125 Cafeteria plan definition

Section 125 Cafeteria plan means a flexible spending arrangement that qualifies under Section 125, Internal Revenue Code, which permits an employee to contribute pre-tax dollars to a health benefit plan.
Sample 1Sample 2Sample 3
Section 125 Cafeteria plan means a flexible spending arrangement that qualifies
Sample 1Sample 2Sample 3

Examples of Section 125 Cafeteria plan in a sentence

  • For benefits sheltered under a Section 125 Cafeteria plan: To satisfy premium deduction requirements of your employer and dating requirements of the Section 125 Plan, your coverage will be dated and become effective on the first day of the month following the effective date (anniversary date for resolicitation) of the Section 125 agreement or on the first day of the month following underwriting approval, whichever is later.

  • The City offers various medical plans to employees under a Section 125 Cafeteria plan (non-cash out).

  • For the 2020-2021 school year, teachers who choose not to participate in the District Health Insurance Plan shall receive, sixty-nine dollars and seventy- one cents ($69.71) per month which may be applied to options in the District’s Section 125 Cafeteria plan or may be taken as taxable compensation, in lieu of the flexible benefit allowance provided for in paragraph above (See Attachment B, Note 2 – Base Salary Schedule).

  • The employer must establish a Code Section 125 Cafeteria plan before offering FSA accounts to employees.

  • For the 2017-2018 school year, teachers who choose not to participate in the District Health Insurance Plan shall receive, sixty-nine dollars and seventy- one cents ($69.71) per month which may be applied to options in the District’s Section 125 Cafeteria plan or may be taken as taxable compensation, in lieu of the flexible benefit allowance provided for in paragraph above (See Attachment B, Note 2 – Base Salary Schedule).

  • Total Fees at Risk Section 125 and Section 132 Plan AdministrationScope of Services Requested The County of El Paso currently makes available to its employees the opportunity to participate in a Section 125 Cafeteria plan that includes pre-tax deductions for eligible expenses, Flexible Spending Accounts, Dependent Care Assistance Programs, and a Parking Reimbursement Plan as allowed under IRC Section 132(f).Notice: All questions must be answered.

  • CAFETERIA PLANIt is the policy of the Colcord Board of Education to provide a fringe benefit schedule which reflects adequate compensation for professional training and experience and will participate in Section 125 "Cafeteria" plan.

  • The Section 125 Cafeteria plan allows WLSSD employees to put money in a child care plan.

  • Section 125An Internal Revenue Code, Section 125 Cafeteria plan with a Flexible Spending Account (FSA) for medical reimbursement is offered to Oklahoma State education and local government current employees.

  • For the 2019-2020 school year, teachers who choose not to participate in the District Health Insurance Plan shall receive, sixty-nine dollars and seventy- one cents ($69.71) per month which may be applied to options in the District’s Section 125 Cafeteria plan or may be taken as taxable compensation, in lieu of the flexible benefit allowance provided for in paragraph above (See Attachment B, Note 2 – Base Salary Schedule).

Related to Section 125 Cafeteria plan

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Medical benefit plan means a plan established and maintained by a carrier, a voluntary employees' beneficiary association described in section 501(c)(9) of the internal revenue code of 1986, 26 USC 501, or by 1 or more public employers, that provides for the payment of medical benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits, for public employees or elected public officials. Medical benefit plan does not include benefits provided to individuals retired from a public employer or a public employer's contributions to a fund used for the sole purpose of funding health care benefits that are available to a public employee or an elected public official only upon retirement or separation from service.

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Health benefits plan means a benefits plan which pays or

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.