Employee Benefits
Medical
Dental
Vision
Section 125 Plans
401(k) Plans
Group Disability Insurance
Group Life Insurance
Long-Term Care Insurance
Made possible by section 125 of the IRS code, these plans offer employers a way to save taxes on their group benefit plans and offer employees a way to save taxes on money spent out-of-pocket for dependent care and medical expenses.
Three types of Section 125 plans exist: Premium Only, Flexible Spending Accounts, and Full Cafeteria Plan. Money allocated to a Section 125 Plan is subtracted from the employee's taxable income. It is also free from employer-paid Social Security and Unemployment taxes.
Benefit plans may include:
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Copyright 2008, The Northwestern Mutual Life Insurance Company/Northwestern Mutual, Milwaukee, WI. All rights reserved. 720 East Wisconsin Avenue, Milwaukee, Wisconsin 53202-4797 - (414) 271-1444. The Northwestern Mutual Financial Network is a marketing name for the sales and distribution arm of The Northwestern Mutual Life Insurance Company, its affiliates and subsidiaries.