Guest wingnut Posted June 6, 2002 Report Share Posted June 6, 2002 can you set up your 125 trust account to make interest ont he monies deposited. If yes, what is the proper methos of distributing the interest? Can you pay fees with the interest?:eek: Link to comment Share on other sites More sharing options...
Joe Priselac Posted June 6, 2002 Report Share Posted June 6, 2002 There is no requirement that a cafeteria plan have a trust. Benefits are typically paid out of the general assets of the employer and as such can be invested in an interest bearing account. The interest earned would belong to the employer. Link to comment Share on other sites More sharing options...
mroberts Posted June 7, 2002 Report Share Posted June 7, 2002 If you have less than 50 employees and want the interest to go to your employees, you can set up a Medical Savings Account. If you need more information on MSAs, please let me know. Link to comment Share on other sites More sharing options...
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