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What are "welfare benefits" in an exec. comp definition?


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#1 jcarlos

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Posted 13 July 2005 - 01:19 PM

when an exec compensation package includes "welfare benefits" in its definition, what welfare benefits are being referred to (in general)? Where would I find this information?

#2 E as in ERISA

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Posted 13 July 2005 - 02:08 PM

ERISA section 3. Health plans, etc.

#3 vebaguru

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Posted 13 July 2005 - 05:30 PM

In general it includes all fringe benefits. Line 8b of form 5500 and the instructions therefor include the following under "Welfare Benefit Features": health, life insurance, supplemental unemployment, dental, vision, disability, vision, prepaid legal, severance pay, apprenticeship & training, scholarship and travel accident benefits.