Jon Knauft
12-29-2009, 10:38 PM
I participate in my companies Section 125 plan. We're only allowed to make changes to the amount of our deduction at the beginning of the plan year or after a "life event". I had a "life event" last Sunday (my son was born!) but my employer is saying it doesn't matter because I don't have any more checks from which I can deduct this year. I understand what they're saying but the plan runs from Jan. 1 through Dec. 31 (not December 22nd which was my last check). I've searched the web and haven't found anything similar to this that I could show my employer. Any ideas?
Normally, I would let it go but due to the cost of the birth I'm estimating this will be a $1,500 difference to my pocketbook after all is said and done if I do nothing.
-Jon
Normally, I would let it go but due to the cost of the birth I'm estimating this will be a $1,500 difference to my pocketbook after all is said and done if I do nothing.
-Jon