Mary Combel, President of Cafeteria Plan Solutions, is well-known and respected as an expert in employee benefit plan tax compliance and cafeteria plan administration. Mary is credited with building one of the largest cafeteria plan service organizations in the region, with over 200 cafeteria plans and well over 50,000 plan participants.
Cafeteria Plan Solutions has many distinctive services which are provided to you and your clients, such as:
- Review of plan documents for compliance with IRS and Department of Labor rules and regulations.
- Nondiscrimination testing.
- Summary Plan Description for distribution to participants and filing with the Department of Labor.
- Form 5500 for annual reporting to the IRS.
- Accounting responsibility for employee contributions.
- Reconciliation of contributions.
- Accounting responsibility for claims processing for employee reimbursement expenses.
- Reconciliation of claims reimbursed to employees.
- Generate checks to employees for reimbursement of claims.
- Maintain account balances for all accounts.
- Pending forfeiture audits and reminder letters to employees.
- Quarterly statements reflecting account activity for Flexible Spending Account participants.
- Welcome letters to all Flexible Spending Account participants.
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