Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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The $550 Carryover vs. the Grace Period
ABD Insurance & Financial Services [Guidance Overview] June 1, 2020 "Employers generally should not amend a plan that offers the grace period mid-year to convert to the carryover for the current plan year. Employees may have made their elections intending to utilize their health FSA balance during the grace period by combining a year-one and year-two election for a high cost procedure ... IRS guidance suggests that this approach may be subject to 'non-Code legal restraints,' such as an ERISA breach of fiduciary duty claim." |
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