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These procedures describe the general processing considerations for hardship distributions through participant self-certification. Self-certification is available for plans that have Safe Harbor hardship reasons. Self-Certification of Hardship Dist...
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Sentinel will process contributions in relation to the employee’s pay schedule with the employer. To properly administer the allocation of contributions, it is critical that there is clear and timely communication between the Plan Sponsor and Sentin...
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Securities and Exchange Commission's Investor Bulletin on Health Savings Accounts
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Unlike Health and Dependent Care FSA elections, employees may change their Transit and Parking elections on a monthly basis. Generally, election changes should be effective the month following notification of the change. Updating Transit/Parkin...
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IN ACCORDANCE WITH THE CARES ACT, THE CORONAVIRUS-RELATED DISTRIBUTION PROVISIONS DESCRIBED BELOW EXPIRE ON DECEMBER 31, 2020. ALL CRD REQUESTS MUST BE SUBMITTED AND APPROVED BY AN AUTHORIZED PLAN REPRESENTATIVE BY NOON (ET) ON DECEMBER 28TH. Eli...
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Overview of Sentinel's HRA open enrollment process and data transfer options available.
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Accessing Plan Information Select Tools from the menu on the left. In the Plans section you will find options to view the same info as the employees for all active and inactive plans. Information available is: Plan Summaries Plan Details and ...
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Overview of select plan design options available for HRA.
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Overview of taking distributions from HSA accounts.
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ERISA requires that every fiduciary of an employee benefit plan and every person who handles plan funds be bonded. These bonds cover the plan from loss of assets due to fraud or dishonesty. The ERISA bond is required to protect the participants and ...