Exam4Training

Which of the following statements is correct regarding section 125 plans?

Which of the following statements is correct regarding section 125 plans?
A . employees working 10 hours a week or more must be included in the companys section 125 plan
B . any benefits received in cash are not taxed
C . at the end of the plan year, employees receive cash payments for amounts remaining
D . benefits can be changed during the plan year if there is a qualified change in status

Answer: D

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