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 , which allows employees to "select" certain benefits they would like to participate in.  

...

View file
name Cafeteria Plan Enrollment Form - current year.xlsx page All Forms space FMHOME height 250

Three sections of the plan

• Health Savings Account (HSA) -  If — If you are enrolled or planning on selecting the HS 3000 (HSA) or the HS 1500 (HSA) and you wish to make an Employee Contribution to your HSA, you will need to also enroll in the Cafeteria Plan cafeteria plan to sign up for your Employee Contributions.  Please Please send in your Cafeteria Plan Enrollment Form by the open enrollment deadline each year, or if you are enrolling outside of Open Enrollment due to a Qualifying Event, send in the Cafeteria Form cafeteria form when you complete your medical insurance enrollment form. 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 cafeteria Plan to sign up for your Vision Plan payment.  See also Vision Insurance.
• Child Care -care Benefit - — For a description of the Child-Care Benefit, please read the 2016 Cafeteria Formcafeteria form. If you desire to elect the Child-Care Benefit, you will need to also enroll in the Cafeteria Plan 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 , need to review the section below regarding the Reliant Cafeteria Plancafeteria plan.  

...

...

Why does Reliant offer a

...

cafeteria plan?

Reliant does this primarily for the tax benefits it offers our employees.  The 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 federal 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 the 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 will need to stay enrolled in the Child-Care Benefit for the entire year, if this is elected. Child Care -care funds must be used during the calendar year in which they are elected. Child Care -care funds do not carry over to the next year.
• To take advantage of Reliant's Cafeteria Plancafeteria plan, you only need to either select the Vision Plan Benefit, Health Saver 1500, Health Saver 3000 , or the Chld Child-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.
• For the Child-Care Benefit Plan- Employees , employees submit their child-care expenses directly to Reliant for reimbursements in a manner very similar to how they currently submit reimbursements for their Reliant ministry expenses.