Is a VEBA that is set up as a medical expense reimbursement plan required to file a 5500?

[katieinny]

The VEBA is administered by a teacher's association at a public school. It's a funding vehicle for paying participants' out-of-pocket medical expenses. I understand that they are required to file a Form 990, but is a 5500 also required?

[katieinny]

What I really need to know is this -- because the plan is for public school teachers, does that make it a government plan and therefore exempt from filing a 5500?

[Guest b2kates]

Who is the Plan Sponsor to determine if it is a governmental plan.

[katieinny]

The plan is titled the XYZ Teachers' Association Medical Expense Reimbursement Plan and was signed by a ranking member of the teachers' association. The public school district makes the contributions.

[Guest b2kates]

without any research, it appears to be a "union" sponsored plan, not a governmental plan. If it covers more than 100 participants it would need to file a 5500.

confirm that it is filed with the IRS and recognized as tax exempt; thereby filing a form 990. If not tax exempt as a trust it would file a 1041.

Remember since there is a trust an audit must go along with the 5500.