What are "welfare benefits" in an exec. comp definition?
2 replies to this topic
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?
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.