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The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed on December 20, 2019, permits penalty-free distributions for birth or adoption-related expenses of up to a maximum of $5,000 from defined contribution plans, including IR...
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The SECURE 2.0 Act was passed by Congress on December 23, 2022, as part of the Consolidated Appropriations Act of 2023. This retirement plan legislation builds upon the Setting Every Community Up for Retirement Act of 2019 (SECURE Act of 2019) and...
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On Monday, December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 . Included in the volume of text were several items related to Flexible Spending Account (FSA) relief. Here is an overview of the key FSA provisions: Full FSA...
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As our valued client, we want to assure you that we are committed to providing continued service to you and your plan participants throughout the duration of the Coronavirus outbreak. While our employees have not been directly affected by the virus ...
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Every Plan Sponsor of a retirement benefit plan is generally required to file an annual Form 5500 with the U.S. Department of Labor (the “DOL”). The annual report collects basic information about the plan and the sponsor, including the plan’s financ...
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Last Updated: 04/13/2022
in Employer Portal If you have been granted access to your organization's invoices, you will see a summary of your outstanding balance and due date as well as recently applied payments on the home page of your employer portal. You can view more details by clicking...
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On Friday, March 26, 2021, the IRS released Announcement 2021-7 , which states that amounts paid for personal protective equipment (PPE) used for the primary purpose of preventing the spread of COVID-19 now qualify for medical care under § 213(d) ...
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Last Updated: 01/05/2023
in Billing I’d like to pay my Retirement Plan Administration or Health Benefits invoice(s). What methods of payment you accept? Check: Please make checks payable to “Sentinel Benefits Group Inc.” and mail directly to 100 Quannapowitt Parkway, Suite 300, W...
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As your service partner, we have taken steps to provide you with as much relevant information as possible to aid you in reviewing distribution requests. Below, please find tips and considerations we have put together to assist you as you fulfill the...