Gerry Magid - Vantaged Solutions
Found Money in the Payroll: Tax-Advantaged Benefits and SIMERP Plans for Nonprofits
DESCRIPTION
Health insurance costs keep climbing, and nonprofit budgets don't stretch to match. Yet many organizations are leaving real money on the table every pay period. In this session, Gerald Magid explains how tax-advantaged benefit structures work, including Section 125 cafeteria plans and Self-Insured Medical Expense Reimbursement Plans (SIMERPs). You'll see how these plans can lower employer FICA costs, often by hundreds and hundreds of dollars per employee per year, while giving staff preventive care and virtual health access with no copays or deductibles. Gerald will also cover what the IRS has said about these arrangements, what separates a compliant plan from a risky one, and the questions every finance leader should ask before signing on.
BIO
Gerald Magid is the founder of Vantaged Solutions, which helps businesses, nonprofits and their employees thrive through tax-advantaged employee benefit programs. He works with CFOs, executive directors and their advisors to reduce payroll tax costs, strengthen benefits packages and improve staff retention without adding to the budget. During the Employee Retention Credit program, Gerald helped businesses and nonprofits recover more than $10 million in refunds, including staying with one home nursing agency through a two-year IRS moratorium until close to a quarter of a million dollars arrived. He does the vetting before he brings anything to a client, and he stays with them through the complicated parts.
Topic: Not For Profit Meeting
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| RSVP | Subject | Date / Time |
Attendees | Status | Suggested Donation | |
|---|---|---|---|---|---|---|
| Reserve A Spot | Creative solutions to enrich your NFP benefits? How do you use benefits to retain employees? |
Nov 17
7:00pm - 8:00pm America/New York |
12 | Not registered | Free | |
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Dec 15
7:00pm - 9:00pm America/New York |
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| Roundtable Discussion |
Oct 27
7:00pm - 8:00pm America/New York |
1 | Not registered | Free | ||
| The six financial metrics every board should know |
Aug 18
7:00pm - 9:00pm America/New York |
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| Does your organization treat the budget as a decision-making tool or as a report card after the fact? |
Jun 16
7:00pm - 8:30pm America/New York |
16 | Not registered | Free | ||
| How to invest your endowment |
May 19
7:00pm - 9:00pm America/New York |
9 | Not registered | Free | ||
| Networking for CFOs: Strategic Relationships That Strengthen the Bottom Line |
Apr 21
7:00pm - 9:00pm America/New York |
19 | Not registered | Free | ||
| The unique role of a Not for Profit CFO |
Mar 17
7:00pm - 9:00pm America/New York |
19 | Not registered | Free | ||
| Smart Communications Outsourcing: How to Know What Your Organization Actually Needs |
Feb 17
7:00pm - 9:00pm America/New York |
15 | Not registered | Free | ||
| Starting a NFP consulting practice Sean Hale |
Dec 16, 2025
7:00pm - 9:00pm America/New York |
59 | Not registered | Free | ||
| Navigating Budgets During Uncertain Times |
Nov 18, 2025
7:00pm - 9:00pm America/New York |
34 | Not registered | Free | ||
| Hiring in this economic climate- from Recruiter |
Oct 21, 2025
7:00pm - 9:00pm America/New York |
18 | Not registered | Free | ||
| Not for Profits are a leading trend in economic downturn |
Sep 16, 2025
7:00pm - 9:00pm America/New York |
9 | Not registered | Free | ||
| Summer Break - No Meeting |
Aug 19, 2025
7:00pm - 9:00pm America/New York |
2 | Not registered | Free |
The FENG Nonprofit S.I.G. comprises FENG members whose careers or professional interests are primarily focused on the leadership and administration of charitable and service groups, foundations, universities and other non-profit organizations, or who are active advisors, board members or volunteers of such organizations to share job leads, news and information about non-profit organizations.
The Nonprofit SIG warmly welcomes new members and members interested in transitioning from the for profit to the not for profit sector.
We invite you to join our LinkedIn group called FENG Not for Profit. We use this group to share job leads and information of interest to executives in transition and in the not for profit sector. https://www.linkedin.com/groups/4779465
| Total Members | 2687 |
|---|---|
| Alumni | (56%) 1,511 |
| Active | (36%) 976 |
| Associate | (1%) 7 |
| Retired | (7%) 193 |