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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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Treatment of FSA accounts upon employment termination.
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Overview of identity verification requirements for HSA accounts.
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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 email...
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Profit Sharing and 401(k) Plans, if elected under the plan's Adoption Agreement, may allow for withdrawals when an immediate and heavy financial needs is evident. While a Plan Administrator may offer hardship requirements other then those to be list...
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Treatment of FSA accounts during leave of absence.
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To view a new or existing participant loan schedule, please follow these steps: Log in to the employer portal from sentinelgroup.com and select "Retirement" from the home page of the portal . From the Plan Sponsor Dashboard, select Employee...
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The term Plan Sponsor refers to the Employer who established and maintains the Plan. The entity is defined in the Plan Document. The Plan Sponsor has several major responsibilities: To act in the interest of the participants and beneficiaries To ...
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The person(s) or entity identified in the plan document as having responsibility for running the plan. It may be the employer, a committee, a company executive or someone hired for that purpose (3(16) Plan Administrator). A Plan Administrator may be...
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Frequently asked employer-related HSA questions.