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Section 125 Flexible Spending Account

SIMA Financial Group > Employee Benefit Services > Section 125 Flexible Spending Account

For employees who regularly have medical and childcare expenses, Section 125 plans provide a means to set aside pretax funds to use toward qualified medical and dependent care expenses. With a section 125 flexible spending account, employees can save on federal, state, and local taxes on items they already pay out-of-pocket.

For employers, this means decreased company payroll and tax liabilities for social security, Medicare, and unemployment. For those clients who participate in SIMA Payroll and Employee Benefit Services, we are able to set up, administer and manage these groups to the benefit of employees and employers alike.

SIMA Strength is achieved through an approach that capitalizes on continuity of care, expertise, and acumen honed through an intimate understanding of the challenges and opportunities facing business owners, a commitment to the community we serve, and the belief that a well-developed relationship can impact the landscape and the outlook of your business, wealth, and future.

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