Form 5500

[shamil10]

The principal business of "A" is performing management functions to B, C, D, & E. Company "A" is an S-Corp, while B,C,D, & E are exempt corporations under IRC 501©(3). Company A holds a health & life insurance contract w/ BCBS that provides beneifts for employees of A, B, & C. What type of arrangement is this considered to be(GIA, Multiple employer)? What type of 5500 filing is required? In the past there has been one 5500 filed as a single employer.

Company A-3 participants

Company B-over 100

Company C-less than 100

[shamil10]

Is this so confusing that no one knows the answer

[jaemmons]

Sounds to me that you have a Group Insurance Arrangement (GIA). If the participating employers are unaffiliated (not a controlled group or ASG) as I believe the case to be here, even though there is a management function of "A" to B & C, a consolidate 5500 is filed by the sponsor of the arrangment, along with respective schedules. Take a look at the 2001 Form 5500 instructions on page 11.

Also, all GIA's are required to complete a schedule H and obtain an independent auditor's opinion on the plan financials.

[shamil10]

There was one 5500 filed, but there was no audit. Can we file an amended 5500 and include the audit without saying "Please come an fine us?"

[Steve72]

If an audit is required, but not filed, the DOL considers the 5500 to not have been filed at all. DFVCP is your best option, IMHO.