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What is Section 125 Nondiscrimination Testing? Your plan allows employees to pay for their health care and dependent care expenses on a pre‐tax basis. This saves both the employer and the employee money on Income taxes and Social Security taxes....
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Medical Reimbursement FSAs - A terminated employee is not eligible for reimbursement of claims for services that occurred after the separation from service. However, if the employee incurred expenses prior to the separation from service, those clai...
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HSA accounts are covered by the U.S. Patriot Act which has strict guidelines in place for verifying the account holder's identity. As part of the verification process Sentinel must verify the customer's name, physical address, date of birth ...
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If you have received notification that an employee is requesting a distribution/withdrawal from their retirement account, the request must be approved by a authorized signer. You can be considered an authorized signer if you have received the ...
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Visit www.sentinelgroup.com and hover over “I am an Employer” Login with your credentials: Visit www.sentinelgroup.com Click on the Employer Login tab and select Retirement Accounts Enter your User ID and Password to access you...
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There is currently no annual filing requirement for Section 125 Plans. However, the underlying benefits may be required to file a Form 5500 if they are considered a Health & Welfare Plan. Group Health Insurance Coverage and Health FSAs are two e...
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If a participant goes on a qualified unpaid leave while they are still considered an active employee (e.g. Family and Medical Leave Act of 1993 - FMLA), the participant has two options for managing their Flexible Spending Account for the remainder o...
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As employees join your organization and experience qualifying life events, you may need to enroll new participants or update election amounts through the online Employer Portal. Creating a new employee profile and enrollment: Log into ...
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The EFAST2 electronic filing requirements for Form 5500 require that you sign the Form 5500 electronically. In order to sign the Form 5500, you will need to obtain filing signer credentials. The Department of Labor (DOL) will not permit us to obtai...
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Each year plan sponsors will be required to distribute disclosure notices for their qualified retirement plans. These notice can be distributed via hard copy or electronic meeting specific DOL and IRS requirements. Your plan design will dictate the ...