Healthcare Reimbursement & 5500

[Guest LKHartnett]

I am embarrassed to be asking this question at this point, but we really lucked out on our 5500s. Either the Cafeteria Plans were so small that their components didn't matter, or the plans had specific welfare benefit components for which we completed Schedule A's, etc.

Now I am on my last 5500, and we have a big plan with a Cafeteria Plan that provides dependent care and health care reimbursement.

My question: Is the health care reimbursement considered an underlying welfare benefit component?

It's just your straightforward no-frills reimbursement account. you defer, you submit receipts, you get reimbursed til the money runs out.

[papogi]

If the HCFSA plan has more than 100 participants (I'm assuming yours does, since you said "big"), and is not a gov't or church plan, then you will have to file 5500 under ERISA since the FSA is considered a health/welfare plan. If FSA checks are paid out of an account in the sponsoring employer's name, you will not need Schedule H.

[Guest LKHartnett]

So, essentially I'm completing the 5500 form itself, counting my employees and xing the right boxes. Wow, that's too easy. Thanks!