The IRS recently published new proposed regulations providing guidance on
cafeteria plans (sometimes called Section 125 plans). These proposed
regulations withdraw other proposed regulations that had been published in
1984, 1989, 1997 and 2000. Even though the new regulations are not
yet final, employers will want to review their cafeteria plans for
compliance, since the IRS has said that employers can rely on the proposed
regulations until final regulations are issued.
