Premium Only Plan (POP)
Maximize Savings, Ensure Compliance
The ever-evolving complexities of federal and state compliance can be daunting for employers to navigate. A powerful strategy to foster both compliance and financial optimization is by implementing a Premium Only Plan (POP) under Section 125 of the IRS code. With a POP, employees can pay their insurance premiums pre-tax, reducing the employer's gross payroll and increasing take-home pay. Through our human capital management partner, isolved, we offer a Premium Only Plan (POP) service that not only streamlines this financially advantageous setup but also ensures meticulous compliance, safeguarding against penalties and legal issues.
Pre-Tax Premium Contributions
Enable employees to make their premium contributions with pre-tax dollars, promoting financial efficiency and boosting employee morale and loyalty.
Comprehensive Compliance Assurance
With a knowledgeable team at your disposal, stay in compliance effortlessly. Avoid penalties, additional taxes, and legal ramifications by maintaining accurate plan documents and operations in accordance with the law.
Critical Plan Documentation and Guidance
Receive indispensable plan documents and expert guidance on payroll calculations to ensure seamless operation of the Premium Only Plan.
Inclusive Eligibility
Extend the benefits of the plan to employees, their spouses, and dependents, fostering a comprehensive welfare benefit plan that caters to the broader employee family.
Integration with Employer-Sponsored Group Health Plans
Traditionally, POP plans have synergized well with employer-sponsored group health insurance plans, facilitating a holistic approach to employee benefits.
Increased Take-Home Pay
Employees enjoy a higher take-home pay due to pre-tax premium contributions.
Reduced Employer's Gross Payroll
Employers benefit from a reduced gross payroll, translating to financial savings.
Ease of Compliance Management
Simplify the daunting task of compliance management with expert assistance and well-crafted plan documents.
Enhanced Employee Loyalty and Morale
The financial advantages of a POP can contribute to better employee satisfaction and loyalty.
Ready to save time? Have a question?
Why should you work with us?
Learn more about us.
Simco understands the frustrations businesses face having less time and more responsibilities. We are here to help! Each business has unique needs and we tailor our services to help you run more efficiently and effectively as your Total Human Resources Partner.

What sets us apart? Simplicity. Our customers receive one knowledgeable main point of contact, their Business Partner, who is backed by a team of highly qualified specialists. Simco will keep you compliant, proactively keep you informed, and provide services that will elevate your business to the next level. Our ability to collaborate through our verticals of Human Resources, Payroll, Commercial Insurance and Benefits for your company, just with one phone call, is all it takes to ease your mind and allow you to focus more on running your business.
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