What is Tax
Certain employer-provided benefits are eligible for tax exclusions
under the Internal Revenue Codes. Each exclusion comes with an
important condition - an employer must be able to demonstrate that
the benefit satistifes applicable nondiscrimination tests.
"You can rely on our technical expertise
for peace of mind in your compliance needs."
ECS can perform the testing so your plans stay tax-favored, benefiting both employers and employees.
There are 5 distinct aspects of Non-Discrimination Testing and Reporting:
· The Eligibility Test
· Contributions & Benefits Test
· Key Employee Concentration Test
· The 55% Dependent Care Average Benefits Test
· The 5% Owner Test