Our company provides eligible employees with a 401(k) retirement plan. This plan is designed to be used in combination with your Social Security benefits and personal resources to provide you with supplemental income upon retirement.
Section 125 Plan
Our company offers a pre-tax benefits contribution option for employees. This concept in employee benefit coverage is known as a Section 125 plan.
A Section 125 plan is a benefit plan that allows you to make contributions toward premiums for qualified insurance plans on a before-tax, rather than an after-tax basis. This means your premium contributions are deducted from your gross pay before income tax and Social Security are calculated.