DRB Benefits Group is a leading innovator in the field of employee benefits design and administration. With an unsurpassed level of experience and knowledge, they specialize in creating unique programs that elevate employee satisfaction and productivity. By customizing their services for each client, DRB Benefits Group empowers employers to enhance recruiting efforts and improve retention rates, driving their businesses forward.

One of their standout offerings is Pre-Tax 'Cafeteria' Plans. These plans benefit both employers and employees by allowing premiums for health insurance, dental, vision, and more to be deducted from paychecks before payroll taxes are calculated. As a result, everyone pays less in Federal, State, and Local taxes, providing a 13% to 24% discount on insurance premiums.

Additionally, these premiums do not appear as income on the employer's year-end statements, enabling a 100% tax write-off. DRB Benefits Group also provides Medical Flexible Spending Accounts and Dependent Care Flexible Spending Accounts. These accounts allow participants to defer on a pre-tax basis all projected out-of-pocket medical and dependent care expenses for the entire year, ensuring a 100% tax write-off.

The savings realized through these accounts are even greater than attempting to itemize the same expenses at year-end. They offer Health Reimbursement Arrangements (HRA's) as well, which are tax-free monetary arrangements made between employers and employees. These funds can be used exclusively for certain medical expenses and are linked to a convenient MasterCard Smart Debit Card.

For those looking to save for medical expenses on a tax-deferred basis, DRB Benefits Group offers Health Savings Accounts (HSA's). These accounts can be funded by the employer, employee, or both tax-deductibly. The funds can accumulate and rollover from year to year and can be used to pay qualified out-of-pocket medical expenses tax-free.

With Defined Contribution Health Plans, DRB Benefits Group provides employers with a fixed bucket of tax-free funds to be used exclusively towards a variety of assembled health, dental, and vision plan choices. This approach allows employers to plan and control their benefits budget, while empowering employees to allocate funds to areas of greatest need. DRB Benefits Group also offers expertise in 401(k), Profit Sharing, and other Retirement Plans, providing opportunities to defer money toward retirement on a pre-tax basis.

Employers may also make tax-free contributions to these accounts. Lastly, they offer Tax-Free Transportation Plans, allowing employers to provide funds on a tax-free basis to offset parking expenses, transit passes, and other related expenditures. DRB Benefits Group is distinguished by their personalized attention and dedication to building strong relationships with their clients.

They are not just an insurance brokerage but creative benefits design specialists who connect employers, insurance companies, financial institutions, and tax law to deliver superior benefits solutions while reducing expenses. With their integrated, tax-advantaged strategies, they provide employers and employees with meaningful options to overcome benefits challenges