Workable Solutions Launches New Automated POP Kit

ORLANDO, FL - Workable Solutions today launched a new automated POP Plan creation kit at www.workablesolutions.com. A POP plan is one of the simplest and most cost-effective ways for small businesses to save benefit cost. It provides a way for employees to pay their portion of benefit costs using pre-tax dollars, effectively saving them 30% of more. However, the plan must be governed by a Plan document and employees must receive summary information about its operation.

In the past, employers paid several hundred dollars annually to administer their POP Plan, but new proposed IRS regulations have made POP Plan implementation and maintenance easier than ever. Using the online creation tool, an employer fills in a self-guided form, pays $99 through a credit card and receives his completed POP kit in seconds, ready to print and sign. There are no reporting requirements. The plan documents are fully-compliant with new proposed IRS regulations.

The kit contains all required legal documents, including the Plan Document, Adoption Agreement and Summary Plan description. There also are answers to commonly asked questions, enrollment forms and examples of savings employees may expect. Employers save too since the FICA match is not paid on pre-tax funds. The kit even guides employers through the new safe harbor created by the IRS for simple POP plans that eliminates complex nondiscrimination testing.