Does anyone know any justification why my employer does not want to set up a cafetiria plan for my condition insurance?
payments. There are just 2 employees. Does it cost anything for the hand to set it up? Is there additional file required with the irs? My employer does his own payroll using quickbooks pro. Any help would be appreciated
Answers:
Yes, there are secondary costs. Most companies outsource the processing to a TPA (third party administrator). There is the legal costs of setting up the cafeteria plan, potential annual filings.........etc. Depending on how much you are getting rewarded and the size of his business, it might be just too costly for him right now.
He dose not want to do the additional bookkeeping involved would be my guess.
Yes, it would be too expensive to grant such a plan to a small company. Economies of scale would kick surrounded by perhaps when the company grows to over 50 people...but specifically just my guess. You might want to look into supplementing the 'benefits' package by looking into your own option (term insurance, LT care insurance, etc.) You can also do your own research to see if affordable cafeteria plans exist specifically for small companies...maybe your employer a moment ago isn't aware of it.
For a tiny employer the cost are channel too much. You are expecting too much, and would probably sink such a small business. You have a choice to move to a larger employer who can afford such costs.
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Answers:
Yes, there are secondary costs. Most companies outsource the processing to a TPA (third party administrator). There is the legal costs of setting up the cafeteria plan, potential annual filings.........etc. Depending on how much you are getting rewarded and the size of his business, it might be just too costly for him right now.
He dose not want to do the additional bookkeeping involved would be my guess.
Yes, it would be too expensive to grant such a plan to a small company. Economies of scale would kick surrounded by perhaps when the company grows to over 50 people...but specifically just my guess. You might want to look into supplementing the 'benefits' package by looking into your own option (term insurance, LT care insurance, etc.) You can also do your own research to see if affordable cafeteria plans exist specifically for small companies...maybe your employer a moment ago isn't aware of it.
For a tiny employer the cost are channel too much. You are expecting too much, and would probably sink such a small business. You have a choice to move to a larger employer who can afford such costs.
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