Benefit Plans

R. Kashmiry and Associates, Inc. has got you covered!

We specialize in employer/employee benefit programs. Life changes – and so can your bottom line. R. Kashmiry and Associates, Inc. will work with you every step of the way.

Short Term/ Long Term Disability

Short-term disability insurance (STD) covers a percentage of your lost salary should injury or illness knock you out of work for more than a few days. Payments generally kick in when you have exhausted any available sick leave. You might see a large chunk of your salary early on, but payments are often reduced to 60% of your salary, or less, after a few weeks. Duration of benefits varies by policy, but six months is typical. R. Kashmiry and Associates, Inc. can go over all the facts and figures with you.

Long-term disability insurance picks up where STD policies leave off. The combination of your living expenses and your lack of income could spell financial disaster for your family without it. R. Kashmiry and Associates, Inc.wants to help you protect your family if you are unable to work because of catastrophic injury or illness.

Group/ Individual Dental & Vision

R. Kashmiry and Associates, Inc. offers comprehensive Dental/ Vision insurance plans that are designed to meet both your employees' oral and vision health needs and the demands of your budget. We will help you choose the best coverage option.

Health Savings Accounts (HSA’s)

An HSA is a tax-advantaged savings account you OWN to pay high or unexpected medical bills. The money you put into your HSA will reduce your income taxes similar to the money you save in a 401(k) plan. Whatever you do not spend from your HSA rolls over year-to-year for future healthcare needs. And if you retire or leave the company for any reason, you can take the balance in your HSA with you. R. Kashmiry and Associates, Inc. will assist you in taking advantage of the HSA opportunities available to you.

401(k) Plans

A 401(k) is a type of personal pension plan offered by an employer. This is the largest employee retirement vehicle in the country these days, with more than 42 million workers participating in more than 350,000 plans. 401(k) plans provide tax advantages on money set aside for retirement. An employee asks to have part of his or her pre-tax salary paid directly, or deferred, into the 401(k) fund. Our experts at R. Kashmiry and Associates, Inc. will be happy to answer all of your questions on the complexities of 401(k) plans.

Simple IRA Plans

We have yet another acronym! A “Simple IRA” stands for Savings Incentive Match Plan for Employees Individual Retirement Account. This is a retirement plan designed for small businesses and self-employed individuals. Employees make pre-tax payroll deduction contributions in conjunction with a matching or non-elective contribution from the employer. Please use the expertise of R. Kashmiry and Associates, Inc. for your Simple IRA plans.

Section 125 Cafeteria Plans

Section 125 Cafeteria Plans are sometimes known as Flexible Spending Plans. These allow employees to pay for certain medical expenses on a pre-tax basis. By paying for these expenses before being taxed, employees lower their taxable income, pay less in taxes, and increase their take home pay. R. Kashmiry and Associates, Inc. can help you make your selections from the Section 125 Cafeteria Plan menus.

Buy – Sell Agreements

Closely-held and/or family-owned businesses must consider all eventualities – no matter how difficult. A Buy - Sell agreement covers the death of a partner – and the disposition of his or her partnership interest benefits to the deceased’s family and the buyer of the business. These agreements present inherent unique challenges that R. Kashmiry and Associates, Inc. is well-skilled in handling.

Executive Bonus Plan

The Executive Bonus Plan is a way of rewarding selected key employees by paying the premiums of a permanent life insurance policy. If the executive leaves, the policy goes with him or her. R. Kashmiry and Associates, Inc. is very familiar with all the tax complexities of such a plan.

Reverse Split-Dollar Life Insurance

This is a way of protecting your business in regards to the loss of a key employee. That employee buys insurance on his own life – usually with money paid or loaned to him by the employer. The employer is then named as beneficiary of all or a portion of the death benefit (the so-called "at risk" element) and the heirs of the insured are named as beneficiary of the cash value or remaining death benefit portion. R. Kashmiry and Associates, Inc. can explain all the tax advantages of Reverse Split-Dollar Life Insurance.

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