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Severance plans and H&W wrap plan documents


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Can a severance plan be included as part of a H&W wrap plan document

We currently have a separate severance plan document but are restating our H&W plan as a wrap plan

we would like to avoid additional Final  5500 filing for the severance plan each year

Thx

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I think so. Would include "4I" for plan characteristics code in welfare plan list on page 1. Since most severance is unfunded, you might not want to combine if your H&W plan is funded and requires an audit.

Luke Bailey

Senior Counsel

Clark Hill PLC

214-651-4572 (O) | LBailey@clarkhill.com

2600 Dallas Parkway Suite 600

Frisco, TX 75034

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