This can make it difficult to determine what the information entered in that box means. If it is an employee benefit that has already been removed from wages in box 1 , then, choose a category of other. This doesn’t apply to section 125 contributions. Ret probably describes a contribution to a retirement plan. Jan 22, 2021 · s125 refers to a section 125 plan which describes payroll deductions for some employee benefit.
It is also known as a cafeteria plan.
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