Section 125 Plan Document & Administration Business
17 Yr. Established Internet Business w/$778,000 AR/$250,000 Net Income
This Section 125 Plan Document & Administration company has operated a national Internet business since 1997 primarily selling non-subscription, affordable Section 125 Cafeteria and HRA plan documents that allow their client employees to pretax insurance premium, out-of-pocket medical expenses, and dependent care expenses through their branded products.
The business is an established, 17 year brand in the marketplace with:
> 30,600+ plan document customers, and
> 4,775 agent/affiliate centers of influence,
> 263 Administration Clients servicing 2,034 employees billing $16,800 monthly in recurring revenue,
> 3,651 plan document transaction sales in 2013 averaging $152 per sale,
> with 2013 gross revenue of $778,000, approximately $250,000 in net income to the owner.
The business provides free plan design consulting, as well as cost effective, IRS-compliant plan documents to thousands of satisfied agents and employer groups nationwide, including:
> Section 125 Premium Only Plans (POP), pretax health insurance
> Health Flexible Spending Account (FSA) Plans, pretax medical expenses
> Dependent Care Assistance FSA Plans, pretax dependent care expenses
> Section 105 HRA Plans for the self-employed, pretax insurance and medical
> Section 132 Transit & Parking Plans, pretax parking and transit expenses
> Health Reimbursement Arrangement (HRA) Plans, Consumer Driven Health Care
> and, web-based, state of the art FSA and HRA administration services.
Plan Documents start at only $99, which is quickly recouped through employer savings of approximately 7.65% in matching taxes. Employees save up to 35% in payroll taxes. The IRS and DOL require the employer to have a compliant plan document before pretax deductions can be taken.
Voluntary annual document maintenance services are also available, starting at $79. With this service, employers are able to amend and restate existing plans as needed in order to maintain compliance with IRC, DOL and ERISA laws, as well as the Affordable Care Act (ObamaCare).
The Company retains the services of several ERISA Benefit Attorneys for up to the minute commentary on issues affecting plan document language and administration. Since 1997 their plan documents have been thoroughly reviewed by numerous CPAs and law firms who have found them to be clear, concise, compliant and cost effective.
Their clients include small employer groups, PEOs, national payroll companies, Certified Public Accountants, Third Party Administrators, Agents, Brokers, a network of hundreds of Flex Affiliate websites, and law firms.
Many PEOs, payroll companies, CPAs, accountants, and attorneys private label their plans to their clients through their Affiliate program.
The Company sells plan documents and annual document maintenance, as well as state-of-the-art web based administration services, and Do-It-Yourself Excel administration software. Their target market is the small employer, normally with less than 100 employees. We offer online ordering at our website and ordering via fax.
The Company is committed to helping their Clients and their employees reduce income tax liability with compliant Plan Documents and Summary Plan Descriptions that allow them to deduct insurance premium, out-of-pocket medical expenses, dependent care expenses, and commuter and parking expenses before payroll taxes are calculated.