Jump to content

Recommended Posts

Hi. We are adopting a wrap plan, but I am a bit unsure of the logistics.

Here is my thinking on how to handle this:

1. Adopt a resolution for the new wrap plan. In that resolution, I was thinking of including a discussion of how the existing welfare benefits are being incorporated into the wrap. I don't want to adopt a separate termination resolution for those benefits as I worry about confusion in using the term "termination."

2. Select a three digit plan number for the new wrap. Is there some application to obtain this number? Or is it merely selecting a number available that starts with a "5" when looking at the employer's other welfare plans?

3. File final 5500s for the existing welfare benefits. Then going forward, the wrap will file a 5500.

Does this all sound reasonable? Am I forgetting anything?

Thanks.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...