FLEX PLAN UPDATE!!!!!!

Notice:

COVID-19 Exception for Making or Changing Pre-tax Elections through 12/2020. The Trustees of the Entertainment Industry Flex Plan recognize the importance of your health benefits during these unprecedented times.

Therefore, they have amended the Plan in accordance with recent IRS guidance, which provides you with additional flexibility due to COVID-19.

Effective September 1, 2020, you may make a new pre-tax election, even if you did not make an election during Open Enrollment.

You may also modify a pre-tax election, the percentage, the maximum, or both.  If you made elections with more than one employer, all percentages must be the same.

Pre-tax election changes must be made prospectively; therefore, you may adjust your elections only for the remaining months in 2020.

To make or change a pre-tax election, you must call Member Services at 323/993-8888 or 888/FLEX-401k, Option 1, between the hours of 07:30 am -05:00 pm PT (Monday through Friday).

The exceptions outlined in this notice expire on December 31, 2020.  If you wish to have pre-tax withholdings for 2021, you must make an election between December 5, 2020, and December 31, 2020.  

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