Page History
Reliant offers a Cafeteria Benefit Plan. What is a Cafeteria Plan? Is it similar to how you select the food items you want to eat when you go to a cafeteria. Reliant's Cafeteria Plan allows employees to "select" certain benefits they would like to participate in.
The Reliant 2016 Cafeteria Plan will contain the following three sections:
- Health Savings Account (HSA)- Personal Employee Contributions to your HSA spending account if you are enrolled or planning on selecting the HS 3000 (HSA) or the HS 1500 (HSA) and wish to make an Employee Contribution you will need to also enroll in the Cafeteria Plan to sign up for your Employee Contribution. Please send in your Cafeteria Plan Enrollment Form by the open enrollment deadline each year. See also Health Saver (HS) Plans.
- Vision Plan Benefit (Vision premiums are paid for by you, the employee, out of your paycheck). If you select the Vision Plan, you will need to also enroll in the Caferia Plan to sign up for your Vision Plan payment. See also Vision Insurance.
- Child Care Benefit- Employee Contributions. If you desire to elect the Child Care Benefit, you will need to also enroll in the Cafeteria Plan to sign up for your Child Care Benefit Employee Contribution.
Who needs to submit a Cafeteria plan form?
All missionaries enrolling in the HS 3000 (HSA), enrolling in the HS 1500 (HSA), or the EyeMed Vision Insurance plan, (even if you are not changing your plan) need to review the section below regarding the Reliant Cafeteria Plan.
| Note |
|---|
| All employees currently enrolled in the Reliant Cafeteria Plan still need to submit a new Cafeteria Plan Enrollment Form EVERY year. Please send your form in |
...
| to hr@reliant.org by the open enrollment deadline each year. |
| UI Button | ||||||
|---|---|---|---|---|---|---|
|
...
Why does Reliant
...
offer a Cafeteria Plan?
Reliant does this primarily for the tax benefits it offers our employees. The contributions/payments for any of these three benefits are processed on a pre-tax basis. So they will be taken from your monthly paycheck before taxes. Thus, your tax savings could really add up!
With the Child Care Benefit, employees are able to submit child care expenses for reimbursement, using the employee contributions set aside from their monthly paychecks.
Tax Benefits For You
- HSA employee monthly contributions (through Reliant payroll) are treated as pre-tax deductions
- Vision Plan Benefits monthly premiums are deducted from your paycheck pre-tax.
- Child Care Benefit employee monthly contributions are deducted from your paycheck before tax as well.
- Employee's pre-tax contributions/payments are not subject to fedearal income or social security tax. (It also means NO employer FICA matching portion comes out of the MTD account you''re responsible for.)
Things to Keep in Mind
- Employees need to stay enrolled in the Vision Plan for the entire year, if Vision Benefit is elected.
- Employees need to stay enrolled at the same HSA employee monthly contribution level for the entire year, if this is elected.
- Employees wiill need to stay enrolled in the Child Care Benefit for the entire year, if this is elected.
- To take advantage of Reliant's Cafeteria Plan, you only need to either select the Vision Plan Benefit, Health Saver 1500, Health Saver 3000 (HSA-compatible plans), or the Chld Care Benefit. You do not need to be enrolled in all three.
- The yearly maximum contribution amount for the Child Care Benefit is $5,000.
- Child Care Benefit Plan- Employees submit their child care expenses directly to Reliant for reimbursements in a manner very similar to how they currently submit for their Reliant ministry expenses.
...
