Employers save payroll taxes with the Premium Only Plan

XYZ Company has 10 employees

Without POP

With POP

Annual payroll

$  300,000

$  300,000

Annual pre-tax payroll deduction

0

-24,000

Taxable payroll

300,000

276,000

Annual social security tax

22,950

21,114

Total annual employer
social security tax savings

$            0

$    1,836

Annual pre-tax payroll deductions are based on insurance premiums
averaging $200 per month per employee.

Annual social security tax is based on tax rate of 7.65%.

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