Premium Only Plans (POP) – Section 125 Plans

Premium-only plans (POP plans), also known as Section 125 or cafeteria plans, are explained in detail. The session covers what these plans are, who is eligible to participate and how employers can establish and manage them. It also explores key components such as cash options, required plan documentation and the critical concept of irrevocability. Additionally, the webinar touches on discrimination testing requirements and potential penalties for non-compliance, helping employers understand how to properly administer and maintain these plans.