Employer-Sponsored Plans
What are Employer-Sponsored Plans?
They are a type of benefit plan that an employer offers for the benefit of his/her employees at no or a relatively low cost to the employees.
The benefit to the employer is that initiating these plans usually has some tax-deductible component, and sponsoring benefits is generally a good method of retaining valuable employees. If employees participate in the plan, they will benefit from its low-cost method of obtaining discounted services.
