ChoicePlans — Executive Savings Summary

Section 125 Plan

Build Your Report.

Enter company details and choose your modeling approach. Numbers match the live presentation exactly.

Company Details

These fields appear on the generated report and drive all calculations.

Company Name

State

Pay Frequency

For prospects who have not shared payroll data yet. Enter headcount and average salary to model the savings.

Number of W-2 Employees

Average Annual Salary

When you have actual payroll data. Enter per-paycheck values for each employee (not annual).

Employee Name	Gross Pay	401(k)	Dental	Health	Federal Tax

All figures are projections. Confidential.

Executive Savings Summary · ChoicePlans Section 125

Company Name

—

Key Results at a Glance

Net Annual Employer Savings

Gross Annual FICA Savings

Total Annual Employee Savings

Annual Impact, Per Employee

Your Company

Per Enrolled Employee · Per Year

+$617

Net Annual Savings

Gross FICA Tax Savings+$1,097

Administration Fee-$480

Each Employee

Average · Per Year

+$1,200

Net Annual Take-Home Gain

Tax Savings on Reduced Taxable Wages+$3,540

Total Employee Contribution-$2,340

How It Works

The program elects $1,195 pre-tax from each enrolled employee per month. Of that, $1,125 returns as a tax-free §105(b) credit and $70 funds the claims account. The full $1,195 reduces FICA-taxable income — generating savings for both sides on every payroll run.

Employer Financial Summary

Category	Annual Impact
Total Enrolled Employees	0
Gross Annual FICA Tax Savings	$0
Program Administration Fee ($40/employee/month)	$0
Total Net Annual Employer Savings	$0

Zero net cost. The $480 annual administration fee per employee is fully offset by the FICA tax savings the program generates on day one.

Employee Financial Summary

Category	Annual Impact
Total Enrolled Employees	0
Total Annual Take-Home Increase	$0
Average Annual Increase Per Employee	$0

Per-Employee Impact

Calculated from each employee's actual paystub. Lower earners see smaller gains due to their marginal tax rate.

Employee	Current Take-Home	New Take-Home	Per-Paycheck Increase	Annual Increase
Total	$0	$0	$0	$0

Sample Employee Paycheck Comparison

Per-paycheck breakdown based on average employee. Gross pay is unchanged — taxes calculate on reduced taxable income.

	Current PaycheckBefore ChoicePlans	With ChoicePlansAfter Enrollment
Earnings
Gross Pay	—	—
Pre-Tax Deductions
401(k) Contribution (est. 5%)	—	—
Health Insurance (est. 7%)	—	—
Dental / Other	—	—
ChoicePlans Pre-Tax Election	—	—
Taxes Withheld
Federal Income Tax	—	—
Social Security (6.2%)	—	—
Medicare (1.45%)	—	—
State Income Tax	—	—
ChoicePlans Program
§105(b) Tax-Free Credit	—	—
Program Fee ($125/mo)	—	—
Net Take-Home	—	—

Per-Paycheck Increase

—

+$—

Projected Cumulative Savings

Based on current enrollment staying flat. Employer net savings and employee take-home gains accumulate every payroll run.

Year
Projection

Employer Net Savings—

Employee Take-Home Gains—

Combined Total Value—

Year
Projection

Employer Net Savings—

Employee Take-Home Gains—

Combined Total Value—

Year
Projection

Employer Net Savings—

Employee Take-Home Gains—

Combined Total Value—

What the Program Includes

✓

Zero Net Cost to the EmployerSelf-funding. Payroll tax savings offset the administration fee from day one.

✓

No Changes to Existing BenefitsOverlay only. Major medical and existing packages remain untouched.

✓

Increased Take-Home for Every EmployeeMore on every paycheck. Same gross pay, lower taxes withheld.

✓

Ancillary Benefits Included24/7 Telemedicine, ID Theft Protection, Wholesale Travel, Virtual Pet Care, Quest Labs, Face Scan Vitals.

✓

Full Compliance and AdministrationERISA compliance, IRS documentation, nondiscrimination testing — all handled.

✓

Live in Under 30 DaysAny payroll system. No migration. Savings start on the next payroll run.

3 Steps to Start

Sign Service Agreement

Simple paperwork. Lock in your start date. Takes about 10 minutes.

Start Onboarding

We take it from here. Plan docs, payroll setup, employee enrollment, and app rollout — all handled by our team.

Go Live

Live in under 30 days. Savings appear on the very next payroll run.

Program Summary Employers are overpaying payroll tax on every single payroll run. This program uses IRS Section 125 to reduce the wages FICA is calculated on. The employer pays less. Every employee takes home more. Nothing else changes. Savings start on the very next payroll run.