80 Ill. Adm. Code 2110.440
Forfeiture of Accounts
Section 2110
Section 2110.440Â Forfeiture
of Accounts
a)Â Â Â Â Â Â Â Â The amount credited to a Participant's dependent care
assistance account for any Plan Year shall be used:
1)Â Â Â Â Â Â Â Â only to reimburse the Participant for Dependent Care Expenses
incurred during the applicable Plan Year, and
2)Â Â Â Â Â Â Â Â only if the Participant applies for Reimbursement on or before
September 30 of the next Plan Year.
b)Â Â Â Â Â Â Â Â If any balance remains in the Participant's dependent care
assistance account for any Plan Year after all Reimbursements have been made,
the balance shall not be carried over to reimburse the Participant for
Dependent Care Expenses incurred during a subsequent Plan Year, and shall not
be available to the Participant in any other form or manner.
c)Â Â Â Â Â Â Â Â Any remaining balance in the fund shall be distributed to the 202
Fund.