Mega-Wrap Plan Excludes Sec. 125 component?

[Christine Roberts]

Employer sponsors cafeteria plan, plus 4 separate self-standing benefit plans (health, dental, AD&D/life and LTD).

Employer wants to do a megawrap document to consolidate health benefit plans but does not want to include cafeteria plan.

Does this make sense?

Would cafeteria plan reporting consist only of Form 5500 and Schedule F, or does reference need to be made to the underlying welfare plans?

[SLuskin]

Yes, this makes sense. They probably have different plan numbers, etc. For the Cafeteria Plan, all you need is the 5500 and Schedule F. You don't make reference to the underlying plans.