| Savings
Maximizer for Employers |
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The Savings Maximizer is designed to help you Estimate the savings potential of implementing
a 125MAX Flex Plan for your company. Since a “cafeteria” of several different benefits is available
in a 125MAX Flex Plan, only include the benefits you intend to offer your employees, leaving a value
of zero for any benefits not included in your plan.
- Start by entering the number of employees who will be eligible for these benefits. We have set
the percentage of employees participating at the level of participation 125MAX has with existing clients,
but you can change them if you would like. Industry average is 11-15% for the Medical FSA.
- Then, enter the average dollar amount you estimate those employees would contribute to each available FSA.
- Finally, enter the annual premium paid by each employee for your company group insurance. When
all fields are filled, just hit the button marked Calculate to see what the savings could be.
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Number of eligible employees |
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| Estimated Medical FSA's - Most employers offer an annual maximum for deferrals of $2000.00 to $5000.00. |
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Number of employees participating |
0 |
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Percentage of employees participating |
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Average annual employee deferrals |
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Total Annual deferrals |
$0 |
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| Estimated Dependent Care FSA's - Maximum annual deferral allowed by IRS regulations is $5000.00. |
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Number of employees participating |
0 |
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Percentage of employees participating |
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Annual employee deferrals |
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Total Annual deferrals |
$0 |
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Estimated Group Insurance Premiums - You may include employee contributions for adding spouse and/or
dependents to the company policy. |
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Annual premium paid by each employee |
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Total Annual premiums paid by all employees |
$0 |
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Total Section 125 employee deferrals |
$0 |
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Employer payroll taxes/insurance:
(FICA, FUTA, SUTA, SDI, Medicare, Worker's Compensation, etc.)
Percentage may vary by company and state.
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| Estimated annual employer tax savings |
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| Please contact 125MAX for a proposal that is tailored to the specific needs of both you and your employees. |
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