Contents of the Manage Dependent Care FSA Plan Year Screen
Use the fields and options to configure the Manage Dependent Care FSA Plan Year screen.
Effective
| Field | Description |
|---|---|
| Plan Year |
Enter the year, in YYYY format, that you wish to set up. The year must be between 1901 and 2078. When you enter this year, the Start Date defaults to 01/01/YYYY and the End Date defaults to 12/31/YYYY. This field is required. |
Details
Use the date fields in this group box to enter the start and end dates for the plan year you are setting up. The date range should be a calendar year and cannot overlap existing plan years. You also must use this group box to enter the maximum dollar amount any employee can elect for the plan year for dependent care expenses.
| Field | Description |
|---|---|
| Start Date |
This field displays the default starting date for the plan year you have entered. To change this date, enter a new date, in MM/DD/YYYY format, on which this plan year begins. |
| End Date |
This field displays the default ending date for the plan year you have entered. To change this date, enter a new date, in MM/DD/YYYY format, on which this plan year ends. |
| Maximum Amount |
Enter the maximum dollar amount any employee can elect for dependent care FSA expenses for this plan year. |
| Minimum Amount | Enter the minimum amount that employees are allowed to elect for dependent care FSA expenses for the plan year. |
| Grace Period Days |
Enter the number of grace period days for this plan year. |