- Our Services
Every plan is a lever for retention, savings and compliance
Precision brings four complementary, tax-advantaged benefit structures under one roof — so governmental entities and school districts can mix and match the right fit for every employee group, without adding administrative burden.
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Core Benefit Plans
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Years of Service
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Government Clients Served
- Four Pillars
One partnership, four ways to deliver value
Each plan solves a different budget, compliance, or retention challenge. Together, they give your organization a complete toolkit — explore each below.
01
Prime Choice®
Our flagship benefit — a fully tax-free post-retirement health benefit built from accumulated leave.
Flagship Plan 🡢
02
Health Reimbursement Account
Employer-funded HRA plans that reduce healthcare costs with flexible, tax-free reimbursements.
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02
Special Pay Plan
Defer Federal & State income tax on accumulated leave with guaranteed interest and full liquidity.
Learn more
02
FICA Alternative
Employer-funded HRA plans reducing healthcare costs with flexible, tax-free reimbursements for employees and their families.
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- Prime Choice® Plan
The smarter way to handle retirement payouts
Prime Choice® allows employers to give retiring employees a choice between a tax-free post-retirement health benefit or a tax-deferred cash benefit — without violating Constructive Receipt rules.
- No Federal, State, or FICA taxation
- Guaranteed interest earning
- Insurance premium reimbursement
- Qualified medical expense reimbursements
- Spousal and dependent eligibility
- No sales or surrender charges
Flagship Plan
Built exclusively for governmental entities and school districts since 2000.
100%
Tax-Free Growth
100%
Surrender Charges
Health Reimbursement Account
Employer-funded, employee-friendly, and fully compliant with IRS Section 105.
0%
Employee Contribution
100%
Employer Control
- Health Reimbursement Account
Reduce healthcare costs without reducing coverage
Employer-funded HRA plans give districts and municipalities a predictable, budget-friendly way to help employees and their families cover medical costs — entirely tax-free.
- Fully employer-funded and controlled
- Reimbursements are 100% tax-free to employees
- Unused funds can roll forward, year over year
- Works alongside existing group health coverage
- Special Pay Plan
Defer taxes on accumulated leave, guaranteed
The Special Pay Plan lets employers defer Federal and State income taxes on an employee's accumulated leave payout at separation, while still guaranteeing interest earnings and full liquidity.
- Defers Federal & State income tax
- Guaranteed interest earning
- Complete liquidity — funds available on demand
- No sales or surrender charges, ever
Special Pay Plan
A tax-deferred alternative to a lump-sum payout at separation.
0%
Federal Tax at Payout
100%
Liquidity
FICA Alternative Plan
Built for part-time, seasonal, and temporary public sector employees.
7.5%
Employee Contribution
6.2%
Employer FICA Avoided
- FICA Alternative Plan
Retirement savings that replace, not add to, payroll tax
Instead of matching the standard 6.2% FICA tax, employers establish an account where employees contribute 7.5% of gross wages on a mandatory pre-tax basis — savings for everyone.
- Eliminates the employer's FICA match obligation
- Pre-tax employee contributions, mandatory basis
- Ideal for part-time and seasonal positions
- Fully compliant with IRC Section 3121
- Side by Side
Which plan fits your organization?
A quick comparison of tax treatment, liquidity, and ideal use case across all four core plans.
Plan
Best For
Tax Treatment
Liquidity
Prime Choice®
Retiring employees, post-employment healthcare
Tax-free
Reimbursement-based
HRA
Active employees & families, ongoing medical costs
Tax-free
Reimbursement-based
Special Pay Plan
Employees separating with accumulated leave
Tax-deferred
Full liquidity
FICA Alternative
Part-time, seasonal & temporary employees
Pre-tax
At separation
- A Precision Company