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IRS Guidance on Flexible Spending Accounts: Good News for Participants But Administrative Challenges for Plan Sponsors
Dickinson Wright PLLCLink to more items from this source
[Guidance Overview]
Mar. 15, 2021

"Plan sponsors should: [1] Determine how many participants have balances remaining in their FSAs as of the end of the 2020 plan year and the dollar amount of the balances.... [2] [Determine] whether there are any limitations on the TPA's ability to accommodate the changes that the employer is considering."

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