N.D. Admin. Code 71-07-01-03
Current through Supplement No. 394, October, 2024
Within six months of the end of the plan year, the executive director must return to the payroll clearing account any surplus in the pretax benefits account. Surplus includes employer Federal Insurance Contributions Act tax savings and forfeited employee account balances not used to offset the administrative expenses of the program, negative account balances, and the projected funds necessary to provide for short-term cashflow requirements when paying claims in the new plan year for the medical spending account.
N.D. Admin Code 71-07-01-03
General Authority: NDCC 54-52-04
Law Implemented: NDCC 54-52.3-06