Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)


RPA logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

What Can an Employer Do with Health FSA Forfeitures?
Wolters Kluwer Law & BusinessLink to more items from this source
[Guidance Overview]
June 22, 2015
"Under proposed IRS regulations ... these forfeitures may be: [1] retained by the company; [2] used to reduce required salary reduction amounts for the immediately following plan year, on a reasonable and uniform basis; [3] returned to employees on a reasonable and uniform basis; [4] used to increase the annual coverage amount; or [5] used to defray administrative expenses. Under the proposal, the forfeitures can never be allocated among employees based on their individual claims experience."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.