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Employer Savings Example

Premium Only Plan Employer Savings Example

XYZ Company: 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

10 employees save

$0

$7,350

Annual employer Social Security tax savings

$0

$1,836

Total Savings

$0

$9,186

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%.