Requirements for new 125 plans

[Guest Alison Williams]

When an employer puts in a premium only plan do they need to file plan documents with the IRS and DOL or does the filing of the form 5500 at the end of the plan year suffice? Would the answer be different if other types of benefits were offered in the same plan?

[SLuskin]

Cafeteria plans are fringe benefit plans, not qualified plans, so the docs and spd's don't have to be filed. They should always be up to date, signed and somewhere you can find them quickly if an IRS or DOL auditor comes to the door.