105 wellness plans vs SIMRP

Most “1 05 wellness plans” are sold as a tax hack, not a real benefit, and that is exactly why owners end up nervous later. In this episode, Matthew Abbott breaks down where those wellness style 1 oh 5 arrangements go off the rails, how recent IRS guidance changed the game, and why a properly structured SIMRP inside ProfitGuard Plus is a different animal altogether. If you want lower payroll tax, stronger benefits, and a structure that is built to last instead of a loophole pitch, this walkthrough will help you spot the red flags and understand what a compliant, sustainable strategy should actually look like for your W2 team.