In most cases, an employee may not change his or her elections under a cafeteria plan during the period of coverage (usually the plan year). However, the IRS allows employers to design their cafeteria plans to allow employees to change their elections during the plan year if certain events occur. This Compliance Overview summarizes when participants may change their cafeteria plan elections during a plan year. It has been updated to include temporary relief related to COVID-19.
Recent Stories
2020 Year End Devenir HSA Research Report
28 Jul 2021
Devenir’s annual year-end HSA report provides an opportunity for a closer look at HSA participant behavior in the past year. What interesting HSA trends emerged in Devenir’s report during 2020?…
Read MoreCalifornia Will Allow Electronic Distribution of Workplace Notices
26 Jul 2021
On July 16, 2021, California amended its Labor Code to allow employers to distribute certain workplace notices and posters electronically in addition to displaying the postings required by law. The…
Read More
corporate office
220 West 20th Avenue
San Mateo, CA 94403
(650)-573-1111
(650)-378-4361 – FAX
Contact: Mike Colzani