Dependent Care Account definition

Dependent Care Account means the bookkeeping account established for each Participant to reflect the transactions of the FSA Plan in providing Dependent Care Account benefits to Participants in accordance with this FSA Plan summary plan description, and in accordance with the NAD Section 125 Cafeteria Plan.
Sample 1Sample 2Sample 3
Dependent Care Account means the individual account established under the Plan in the name of each Participant for the purpose of accounting for credits and benefits for Qualifying Dependent Care Expenses paid for or on behalf of the Participant.
Sample 1
Dependent Care Account means the Dependent Care Account established pursuant to Chapter
Sample 1Sample 2

Examples of Dependent Care Account in a sentence

  • An Employee who re-enrolls in a Health Flexible Spending Account or Dependent Care Account after such time must re-enter the Plan and reinstate their original elections for that Plan Year with adjustments to the annual election amount as the Administrator deems necessary to prorate the annual election amount over the remainder of the Plan Year.

  • If such Employee returns within the same Plan Year, prior contributions made to the Health Flexible Spending Account and/or the Dependent Care Account will be taken into consideration so as not to exceed Plan or IRS maximums.

  • If you are married filing separately, the amount contributed for a Dependent Care Account cannot be greater than $2,500.

  • If an employee has dependents that need care in order for the employee to work, the employee may use the Dependent Care Account to pay this cost with pre-tax dollars.

  • If there are enough credits to your Dependent Care Account, you will be reimbursed for your Eligible Employment Related Expenses on the next scheduled processing date.

  • If your claim was for an amount that was more than your current Dependent Care Account balance, the excess part of the claim will be carried over into following months, to be paid out as your balance becomes adequate.

  • In general, the amount contributed for a Dependent Care Account cannot be greater than the earned salary of you or your spouse, whichever is less.

  • Faculty members participating in the Dependent Care Account (DCA), may set aside part of their salary each payday through payroll salary reduction and request reimbursement from this account after a dependent care expense is incurred.

  • Other deductions may be made, upon request, for one or more of the following purposes: retirement annuities, including supplemental payments; medical coverage, and other insurance; charitable contributions (through the United Way); contributions to the College for the Student Emergency Fund, Dependent Care Account (see section P) or other purposes; and Credit Union savings or loan payments.

  • Employees shall continue to be permitted to contribute up to $2,500 to the Medical Spending Account and $5,000 to the Dependent Care Account.


More Definitions of Dependent Care Account

Dependent Care Account. Eligible Expenses from Day Care Centers for dependents under age 15, disabled child(ren), spouse, parent. $ (Amount rounded to $100 increments but no more than $2,500 if filing single or separate returns, and $5,000 if filing joint) Your selections are irrevocable during the effective period except for changes in family status (e.g. birth, death, marriage, divorce, adoption, or change in your spouse’s employment. I agree that my employer may change or suspend the reduction of compensation if the Internal Revenue Service, through legislation of restrictive regulation, limits or prohibits salary reduction under Section 125(g) of the Internal Revenue Code. I understand that services must be incurred by Sept. 15th. I have until November 15th to file a reimbursement claim. Any amount still remaining at that time shall be forfeited. Further, I accept responsibility for the proper treatment of benefits paid under this plan with respect to all individual income tax reporting. Employee Signature: Date:
Sample 1
Dependent Care Account means the Dependent Care Account established pursuant toChapter 7..
Sample 1
Dependent Care Account. The Company will continue its flexible spending ---------------------- account program that allows pre-tax funding of dependent care and child care expenses.
Sample 1

Related to Dependent Care Account

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Active Account means an individual investment account in the Plan with a balance greater than $0.

  • Inactive Account means a trader’s Account which had Client-Initiated activity and subsequently it remained inactive for a period of 90 days.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Separate Accounts means the accounts which are to be prepared for each

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.