Veba

[fidu]

are VEBA's governed under ERISA?

Thanks in advance

[E as in ERISA]

A "VEBA" is defined under the Internal Revenue Code. But any trust used to fund a welfare plan -- whether a tax exempt VEBA or not -- may be subject to ERISA requirements. For example: If a trust is used as a funding mechanism for a welfare plan, then the plan itself becomes subject to the audit requirements of ERISA.

[fidu]

Thanks.

So woiuld a bank acting as a trustee of a VEBA required to include it in the "other" category on the Federal Form RC-T for Fiduciary and Related Services???

[Tom Poje]

fidu:

I know nothing of VEBAs, but there is a VEBA board as well, so you might try posting there as well!

[fidu]

thanks tom.

sorry for taking up space here folks.