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(800) 227-3612
(714) 774-8051 (714) 239-6862 Fax 2115 West Crescent Avenue Suite 251 Anaheim, CA 92801-3836   Best viewed in MIE 3.0 or higher 800 x 600 Resolution  |
COST & SAVINGS PROPOSAL
BASED ON A COMPANY WITH 125 EMPLOYEES
BASED ON A COMPANY WITH 125 EMPLOYEES
ESTIMATED PARTICIPATION STATISTICS
PARTICIPATION BY ACCOUNT |
Est. Part. Percentage |
Participants |
Premium Payment |
70% |
87 |
Health Reimbursement |
25% |
31 |
Dependent Care Reimbursement |
5% |
6 |
CHOICE ACCOUNT ADMINISTRATION COSTS
FEES BY ACCOUNT |
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Reimbursement Account Fee |
$ 6.50 |
37 |
$ 240.50 |
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Premium Only Fee |
$ 0.95 |
87 |
$ 82.65 |
|
Flat Employer Fee |
$ 125.00 |
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TOTAL ESTIMATED ADMINISTRATIVE COSTS |
$ 448.15 per month |
ESTIMATED EMPLOYEE DEFERRALS
DEFERRALS BY ACCOUNT |
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Dependent Health Coverage |
$ 100.00 |
25 |
$ 2,500.00 |
|
Health Reimbursement |
$ 50.00 |
31 |
$ 1,550.00 |
|
Dependent Care Reimbursement |
$ 300.00 |
6 |
$ 1,800.00 |
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TOTAL ESTIMATED MONTHLY DEFERRALS |
$ 5,850.00 per month |
ESTIMATED SAVINGS
MONTHLY GROSS SAVINGS
Employee Tax Savings |
26% of deferrals |
$ 1,521.00 |
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Employer Tax Savings |
8% of deferrals |
$ 468.00 |
NET EMPLOYER & EMPLOYEE SAVINGS
Average Savings per Employee |
$ 12.17 per month |
$146.02 per year |
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Employer Savings After Admin. Costs |
$ 19.85 per month |
$238.20 per year |