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2024 Section 125 Plan Document Updates
Section 125 of the Internal Revenue Code (the Code) requires that Premium Only or Cafeteria plan documents be updated every five years. This means drafting a new document and giving a copy to every employee eligible for the plan.
Section 125 plan documents also need to be restated whenever there is a change in your plan or in the law governing the plan.
Now is the perfect time for employers to check on whether they need a 2024 Section 125 Plan Document update. Read on to learn how to find out if your plan document needs a review for the coming year.
Still using an old document model?
A lot of plan documents were updated in the wake of the Patient Protection and Affordable Care Act (ACA) becoming law (most provisions were in effect by 2014). That means old document models need to be amended and restated (updated).
The 2-year update
Because changes in tax law can be fast and furious, many employers update their plan documents every other year just to be sure their plan is always current and compliant.
Changes to your plan
Sometimes a Section 125 Plan Document is updated every year. That’s because, whenever there is a change to a Section 125 Plan, the Plan Document has to be revised to reflect those changes.
Not sure?
If you’re not sure whether or not you need a 2024 Section 125 Plan Document review — or worse yet, if you can’t find your Section 125 Plan Document to check it — our consultants can help.
Our friendly and knowledgeable staff are available to answer any questions you may have via e-mail or phone call (1-888-755-3373), Monday through Friday, 9 am to 5 pm ET.
2024 Section 125 Plan Document Update — just $99
When you know it’s time to update your Section 125 Plan Document, you’ll want to get it from the most knowledgeable people in the industry and for the best value. That search will bring you right to Core Documents, the Trusted Source in affordable plan documents since 1997.
Our basic Section 125 Premium Only Plan (POP) Document Package provides everything an employer needs to update or establish a Section 125 Plan for only $99 (electronic delivery only). For employers also offering a Health Savings Account, the POP plus HSA module is just $129. Other modules for Section 125 Cafeteria Plans are available at similar prices (FSA, DCAP, Transit, and Adoption).
Deluxe Binder Edition
2024 Section 125 Plan Document Update
Save Big with Tax-Free Group
Life & Health Insurance Premiums
$149 one-time fee in Deluxe Binder + PDF email
$99 one-time fee in PDF email only
Order Online
Our secure online ordering system accepts:
If you prefer to order by fax, click here.
Please note:
- Most complete document orders placed by 3 PM will be emailed out the same day Monday through Friday. Orders placed on weekends are emailed out Monday morning.
- Keep in mind that December, January, and February are our busiest months of the year and documents are processed in the order they are received. The Rush Order fee ($25) simply brings your document to the top of the stack to be processed immediately.
- Refund Policy: Purchaser understands that goods and services provided by Core Documents, Inc. are non-refundable. Orders cancelled prior to shipping are subject to cancellation fees that are applied to the cost of goods and services provided during the review, draft, and preparation of your order.
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Download the FREE Core Documents Section 125 Cafeteria Plan Employer Guide:
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