What documents are available to the employer to ensure that the Cafeteria Plan is compliant with IRS regulations?
Before a Cafeteria Plan is implemented, eBenefits Administrators, Inc. ensures that the Plan passes discrimination testing as required by the IRS. Not only is this discrimination testing done at the Plans inception, it is processed throughout the plan year to account for the addition and deletion of employees for consistent account maintenance. eBenefits Administrators, Inc. also provides the necessary legal documents for the employer to operate a Cafeteria Plan. These documents include: • Corporate resolution • Adoption agreement in which the following will be defined: • Benefit description • Eligibility rules • Participant elections and changes • Maximum amount of employee elections • The plan year • Plan document • Summary plan description Our legal document set is obtained through one of the premier employee benefits law firms in the country, Alston & Bird, LLP. As new regulations are created and current regulations are revised, eBenefits Administrators, Inc. promptly delivers upda
