Section 125 Plan
Give your employees the freedom to build their own benefits package by offering a comprehensive section 125 plan for your business.
One of the best ways to keep your company competitive is by recruiting and retaining top talent in your field. However, if you’re a small business owner, then you might be worried about your ability to match up with larger corporations that have more resources at their disposal. While your company may not be able to pay its employees as much as a large business, data has shown that around 80% of employees would choose access to a good benefits package over a pay raise. This is why it’s so vital to build a solid employee benefits plan for your business.
If you would like to offer your employees freedom and flexibility when it comes to choosing and managing their benefits, then you should consider choosing a section 125 plan for your company. A section 125 plan gives your employees the power to choose from different qualifying benefits or choose to receive monetary compensation in place of benefits. Interested in setting up a section 125 plan for your business? Then here’s how SCH&A can help.
Managing Your Benefits
Your employees have varying responsibilities and needs; this is why the flexibility of a section 125 plan is a perfect investment for your business. Because each employee gets the opportunity to choose the benefits that matter most to them or choose to opt out in exchange for money, section 125 plans offer your staff benefits that they can customize to match their lifestyle. When you secure a section 125 plan from SCH&A, you can offer your employees coverages such as:
- Accident and health benefits
- Adoption assistance
- Dependent care assistance
- Group-term life insurance coverage
- Health savings accounts (HSAs)
Choosing Us
When you turn to the experts at SCH&A, you gain access to our extensive knowledge, considerable resources, and industry connections. With over 65 years as a leader in the employee benefits market, you can rest assured knowing that we have the innovative solutions to fit your business’s needs and budget.
For assistance with implementing a section 125 plan for your business, contact the professionals at SCH&A today.
