Section 125 premium only
mushroomHR 583 Posts
We currently have a Section 125, premium only plan that is administered by an outside source. Does anyone have this type of plan that they administer themselves? The only thing the outside source does is prepare the plan documents and track employees' contributions. I don't see any reason why we couldn't do that ourselves. Your thoughts please.
In our case, the TPA adiministers the FSA and the Dependent Care portions. We want someone else deciding whether or not FSA items are qualified to reimburse. For various reasons, we do not have to file the 5500 report.
We handle all enrollments, payroll deductions and the like.