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Notice 2005-42: IRS Allows Grace Period Exception to 'Use It or Lose It' Rule for Cafeteria Plans (PDF)
Internal Revenue Service [IRS]
[Official Guidance] May 18, 2005
4 pages. Excerpt: This notice permits a grace period immediately following the end of each plan year during which unused benefits or contributions remaining at the end of the plan year may be paid or reimbursed to plan participants for qualified benefit expenses incurred during the grace period.
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