Cafeteria Plan Administration Services

The Vendor is required a cafeteria plan administration service for providing timely administration and management of the Owner’s two employee flexible benefits plans.
• The purpose of having two separate benefit plans is that the two classifications of employees have different participant eligibility terms for insurance enrollment and flexible benefit plan enrollment and they are funded from separate accounts. Both plans are intended to qualify as a “Cafeteria Plan” within the meaning of Section 125(d) of the Internal Revenue Code.