Archimage Posted November 12, 2003 Posted November 12, 2003 Need some help. I have run across a situation where a client has a long-term disability plan. I see two different documents, one covering officers and the other covering all other employees. This leads me to believe that these are two separate plans requiring separate 5500s. However the original drafter gave both plans the plan number 501. This makes me wonder if they are truly separate. Anyone have any comments or suggestions?
Guest llerner Posted November 12, 2003 Posted November 12, 2003 This could just be your company plan for two classes of employees with the same carrier and ask your rep/broker who sold plan as well as your contact if these are separate contracts or come under one contract.
Archimage Posted November 12, 2003 Author Posted November 12, 2003 It is one contract. So would this mean one plan for 5500 reporting purposes?
GBurns Posted November 12, 2003 Posted November 12, 2003 What sort of two different documents?? 2 Plan documents, 2 Form 5500 ??? George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
mroberts Posted November 13, 2003 Posted November 13, 2003 Two different documents probably means two different booklets. You can have 43 different classes and still assign the same plan number to all the LTD plans.
Archimage Posted November 13, 2003 Author Posted November 13, 2003 It is the employee booklets. I thought it was the plan docs but I was mistaken. mroberts, does this mean one 5500?
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