Bird Posted December 19, 2007 Share Posted December 19, 2007 Pardon my ignorance; I think I know a little bit about retirement plans but am under no such delusions about health benefits. I've tried to beg off from involvement, but here I am. When an employER is funding the account, is a plan document required? Intuitively, I think so; I don't see how an employer can just arbitrarily start throwing tax-free money into an account without some sort of documentation. The HSA administrator is not able to provide a direct answer, which is frustrating. When an employER is funding the account, is 5500 reporting required? I have at least one source saying "yes." Again, the HSA administrator is clueless. Ed Snyder Link to comment Share on other sites More sharing options...
Guest Ira Hayes Posted March 20, 2009 Share Posted March 20, 2009 Pardon my ignorance; I think I know a little bit about retirement plans but am under no such delusions about health benefits. I've tried to beg off from involvement, but here I am.When an employER is funding the account, is a plan document required? Intuitively, I think so; I don't see how an employer can just arbitrarily start throwing tax-free money into an account without some sort of documentation. The HSA administrator is not able to provide a direct answer, which is frustrating. When an employER is funding the account, is 5500 reporting required? I have at least one source saying "yes." Again, the HSA administrator is clueless. HSAs are not subject to Form 5500 reporting; nor is the employer seeding of them (it's not part of the HSA eligible HDHP which must coexist) Link to comment Share on other sites More sharing options...
Guest D.N Posted March 22, 2009 Share Posted March 22, 2009 Pardon my ignorance; I think I know a little bit about retirement plans but am under no such delusions about health benefits. I've tried to beg off from involvement, but here I am.When an employER is funding the account, is a plan document required? Intuitively, I think so; I don't see how an employer can just arbitrarily start throwing tax-free money into an account without some sort of documentation. The HSA administrator is not able to provide a direct answer, which is frustrating. When an employER is funding the account, is 5500 reporting required? I have at least one source saying "yes." Again, the HSA administrator is clueless. HSAs are not subject to Form 5500 reporting; nor is the employer seeding of them (it's not part of the HSA eligible HDHP which must coexist) I asked a question similar to this but didnt get a response. Thanks for answering this one, but can you support you notion that HSAs are not subject to Form 5500? I was under the impression that if a HSA plan falls within the scope of ERISA, then 5500 is required? Link to comment Share on other sites More sharing options...
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