Mid-Year Election Changes Under §125 Rules

This checklist outlines the §125 election change rules for cafeteria plans, detailing recognized life events that allow employees to modify pre-tax elections mid-year. It covers changes in marital status, dependents, employment, and more, emphasizing compliance to maintain the tax-favored status of the plan. Employers are advised to document permissible changes in their cafeteria plan documents and summary plan descriptions.