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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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One of the provisions of the SECURE 2.0 Act of 2022 permits plan administrators to rely on a participant’s self-certification that they meet the conditions for a hardship distribution. Under this provision, plan administrators are not required t...
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If a company’s 401k plan has 120 eligible participants on the first day of the plan year, an audit is required. Once an audit has occurred, the 401k plan must be audited every year after that until the eligible participant number drops below 100. A...
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Employers who sponsor qualified retirement plans and record-keepers like Sentinel, may need to locate missing or unresponsive participants (or beneficiaries) who are due a benefit under the plan. The DOL and IRS have identified guidance to help. Add...
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Last Updated: 02/17/2023
in Employer Portal Below are some tips and answers to frequently asked questions about the employer portal. I am not able to access the portal itself or certain pages on the portal because of my organization's security restrictions Depending on the types of restric...
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The following plan limits are in effect for plan years beginning in 2024. Medical FSA : $3,200 annually Limited Purpose FSA : $3,200 annually Dependent Care FSA : $5,000 annually Transit Pre-Tax : $315 monthly Parking Pre-...
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Last Updated: 10/01/2021
in Employer Portal The Your Team page of the employer portal displays the members of your Sentinel team responsible for your plan(s). You can access this information by clicking the "Your Team" option in the left navigation menu. Here, you will find the name, t...
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Reminder for participants who have designated a primary beneficiary to review their selections - Download email template ...
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What is the service? The document subscription service caters specifically to defined contribution retirement plan documents that are on Sentinel’s pre-approved document. It offers comprehensive coverage for all required amendments and restatements...