Reply to Immense Dependent care savings plan failure, lost $5k

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Reply to "Immense Dependent care savings plan failure, lost $5k"

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[quote=Anonymous]I failed to submit receipts for my dependent care savings account for 2016 by the march deadline and now my HR department says there's nothing they can do, I have entirely forfeited the $5k.

I feel absolutely sick to my stomach about this and am very angry with myself, and also at this idiotic system.

I have a couple of questions:

1. Does anyone know if it it absolutely true that I have no recourse? No way to pay a fine or penalty, get the money back minus taxes, etc? Do they have to allow me to appeal, and if so is there any point in doing so?

2. My employer does not provide balance statements about this program. I emailed the person in charge in January and asked her if I had submitted my receipts for 2016 because I assumed I had done it in early 2016 as I had done in previous years. She didn't respond. I should have followed up but did not. Does this matter to my ability to appeal or get my money back?

3. Relatedly, is it normal for employers to provide regular balance statements or reminders? At the very least even if I can't get any money back (sob), I want to advocate that my employer do basic things like this going forward so this will not happen to anyone else. An email saying "Hey you haven't submitted receipts for 2016, do it by next week or lose your money" would have been REALLY helpful. :( :( :([/quote]

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