What Is an IRS 125 Cafeteria Plan and Who Can Use It?

In today’s complex benefits landscape, business owners are constantly searching for ways to offer better employee support without draining budgets. Enter the IRS 125 cafeteria plan, a tax-saving mechanism employers have long used to improve benefits. But while traditional cafeteria plans offer some savings, they fall short of what’s truly possible. That’s where the Lumara […]