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I don't think the Code or regs or any other IRS guidance has a clear definition of "fringe benefits." Obviously, the concept goes way beyond Section 132. Also, the IRS Pub on Fringe Benefits (15-B) has a lot of stuff that we might not consider a "fringe benefit," and that might or might not be 415 comp, e.g. stock options. Other IRS materials even list "bonuses" as a fringe benefit. If your plan document excludes fringe benefits, I think you need to adopt a consistent policy as to what that does and does not mean and apply that.

No, you misunderstood, sorry if I wasn't clear. GTL taxable is part of W-2 pay and is included if the plan does not further excludes fringe benefits, but is excluded if the definition excludes fringe benefits. And thanks, hoping to get a crack at #1 seed Gonzaga, but Baylor will be a tough game. Hoping I can last the game tonight as it's way past my bedtime! At least this year we didn't have to sweat getting into the tournament!