Hello,
I recently realized that I missed my company's grace period deadline for our Dependent Care plan. I have about a $2K balance remaining from what I contributed. I see where most people say that this money is now forfeited to the employer, however, in reading part of Section 125, it states that:
The Section 125 regulations generally provide the following permitted plan uses of experience gains resulting from forfeitures:
(B) Returned to the employees on a reasonable and uniform basis
With what is stated in (B) above, if there were four employees participating in the employer offered Dependent Care plan, would we each be able to receive $500 from my forfeited balance from the employer?
Thanks for the help!
