The Jacobs Company;Employee Group Insurance

The Jacobs Company Employee Benefit Plans & Services Cafeteria Compensation Plans IRC Sec. 125
Plan Requirements

The plan must be written and include only employees. The plan should include:

            A. A description of the benefits (and coverage periods)
            B. Eligibility rules for participation
            C. How benefit elections are to be made
            D. How employer contributions are to be made (i.e., employer funds or salary reduction)
            E. Establish the maximum amount of employer contributions.
            F. Determine the plan year. (See proposed Regulation Sec. 1. 125-1, A-3.)

How is the Employee Benefited?
How is the Employer Benefited?
Some "Qualified Benefits" Which Can Be Added, Include
Benefits Which are Specifically Excluded, Include
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