Section 129 of the Code allows employers to establish a Plan so their employees can establish special tax free savings accounts called a Dependent Care Assistance Plan, or DCAP FSA. A DCAP is a special Flexible Spending Account (FSA) that enables an employee to make special pretax or tax free elections from their paycheck to pay for child and adult daycare expenses. The daycare expenses must be necessary to enable one or both parents or guardian to work, look for employment, or go to school.
Employers thinking about adding a DCAP FSA benefit can do so simply by establishing a written plan document, a requirement of the IRS, and distribute a benefit summary plan description to every employee, a requirement of the Department of Labor. Core Documents can provide you with everything you need to establish a Section 129 DCAP FSA including the: Plan Document, Summary Plan Description, Election/Claim Forms and a complete Do-It-Yourself Administration Guide.
The basic PDF plan document package delivered via email is only $129, the deluxe printed plan document package in 3-ring binder plus the PDF email version is $179.00. The two red arrows in the left side-bar indicate links to an Online Order form and a Fax Order Form.
Order OnlineFax Order Form
In addition to the Dependent Care Assistance Plan FSAs Video, you may find these blog posts helpful:
Why Every Employer Should Have a Section 129 Dependent Care Assistance Plan (DCAP) Flexible Spending Account (FSA)
Can an Employer/Owner Participate in a Section 129 Dependent Care Assistance Plan (DCAP) FSA?
Dependent Care Assistance FSA Documents for Section 129 just $129!
Core Documents, Inc. has been providing free consulting, affordable plan documents, and plan updates as needed for Section 125 Cafeteria Plans and Health Reimbursement Arrangements since 1997. See more information about these fringe benefit plans at Core Documents’ website: www.coredocuments.com, or call toll free 1-888-755-3373.
Dependent Care Assistance Plan FSA Fax Order Form
DCAP FSA Online Order Form