Benefit Contribution Limit Set Up When Plan Year is not a Calendar Year
Hello All - my Benefits Department changed the benefit plan year from 1/1 - 12/31 to 7/1 - 6/30. Therefore, our plan year no longer coincides with the calendar year. Can someone advise how to set a contribution limit (BN18.5) for an FSA benefit when the plan year differs from the calendar year? The way my system is currently set up, associates can exceed the annual contribution limit for Dependent Care FSA. Thanks.
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