| Use
the following checklist to see where you stand with the IRS. |
| IRS Compliance and
Documentation Checklist |
YES |
NO |
| Does
your company prepare sample language and format for the Board of
Director's resolution for your minute book? (Required by IRS)
|
|
|
| Does
your company prepare a plan document customized to your
company for your Section 125 Plan? (Required by IRS) |
|
|
| Does
your company enroll your employees in the Section 125 Plan
and provide you with signed Required Election Forms for each
employee? |
|
|
| Does
your company provide you with a post enrollment Bookkeeper's
Report listing all employees and their elections for the
current year? |
|
|
| Does
your company provide a completely automated tracking system
and "out of house" administration for flexible
spending account participants? |
|
|
| Does
your company complete for you the IRS required
Discrimination Testing for the 25% Rule at no additional
charge? |
|
|
| Does
your company complete 100% of the IRS required annual
Section 125 reporting (Form 5500 and Schedule F) at no
additional charge? |
|
|
| Are
the Form 5500 and Schedule F delivered to you
"signature ready" for IRS filing? |
|
|
| Does
your company update Plan Documents at no additional cost
when Section 125 regulations are amended? |
|
|
| Does
your company pledge to review and service your plan
annually? |
|
|
| Does
your company work with you to provide every employee with
the required "Annual Notice of Election Change"
forms? |
|
|
| Does
your company provide for you a post enrollment Section 125
Manual to house the required forms for your Section 125
Plan? |
|
|
| Are
all of your Section 125 requirements being provided for you
by the company "At no charge"? |
|
|
| Are
you 100% comfortable and satisfied with the Section 125
services being provided to you by the present company? |
|
|
| Bentler
Insurance offers a full line of services that take care of all
these issues and more. For more information and a custom quote
from an agent, click
here.
|
