A Flex Plan, also known as a Section 125 or Cafeteria Plan, is a voluntary benefit option available to SCOE employees. It helps lower state and federal taxes by using pre-tax dollars for eligible medical and dependent care expenses. … The most common use of a Flex Plan is payment of group insurance benefits.
Hereof, how do I find my 401k balance?
If you already have a 401(k) and want to check the balance, it’s pretty easy. You should receive statements on your account either on paper or electronically. If not, talk to the Human Resources department at your job and ask who the provider is and how to access your account.
Likewise, how much does Paychex charge for 401k?
What are Average Paychex 401(k) Fees? In our most recent Small Business 401(k) Fee Study, we found that Paychex plans cost small businesses an average of 1.15% of plan assets each year, with their admin fees totaling about $330.70 per participant.