Fringe
Benefit Accounts
We offer integrated employee fringe benefits such as Disaster Relief Accounts to help boost your benefits package.
Custom Tailored Plans
Fully Integrated With All of
BASIC’s CDA Services
Industry Leading Smart Debit Card
Offering Employee Disaster Relief Accounts and accounts reimbursing employee business expenses help increase employee engagement and retention.
The Federal Reserve has reported that 40 percent of American families do not have sufficient savings to deal with a $400 emergency expense. Let BASIC help you provide for your employees in need.
The Disaster Relief Payment program under Section 139 allows employers to provide tax-advantaged funds to employees impacted by a qualified disaster. Employees receive the funds pretax and it is tax-deductible for employers. Reimbursable expenses related to COVID-19 include expenditures for childcare and tutoring services, costs associated with setting up or maintaining a home office, and medical expenses not covered by insurance.
Employers can also gift post-tax funds to employees struck by any number of financial hardships resulting from a sudden, severe, overwhelming, and unexpected event that is beyond their control.
Accountable Plans Accounts by BASIC allows employers to offer tax-advantaged reimbursements to their employees for several job related expenses. With five unique account options, Accountable Plans Accounts are flexible enough to satisfy the needs of employers in a multitude of industries.
Optional offerings include: