The Jacobs Company;Employee Group Insurance

The Jacobs Company Employee Benefit Plans & Services Cafeteria Compensation Plans IRC Sec. 125
How is the Employee Benefited?

            A. Lower gross income means lower FICA and income tax withholding.
            B. Employee can choose the benefits most needed.
            C. Employee is not required to take benefits which his or her spouse already has with another employer.
            D. Tax savings can be put aside for retirement needs, e.g., in a Sec. 40 1 (k) plan, life insurance, etc.
            E. Lower gross income may qualify the employee for the eamed-income credit on his or her income tax return.

Cafeteria Plans
How is the Employer Benefited?
Some "Qualified Benefits" Which Can Be Added, Include
Benefits Which are Specifiacally Excluded, Include
Plan Requirements
Discrimination

Group Health Insurance

Cobra Coverage Continuation

Flexible Spending Accounts

Medical Reimbursment Plans

Medical Savings Accounts

Group Medical Insurance Plans

Please refer to our Health Insurance Section as we are developing the Employee Benefits Section

This document was last modified on July 26, 1999