Summary Annual Report for Master Trust Investment Account?

[Guest VEBA Las Vegas]

Query: if welfare plans are funded through a VEBA, how does one treat the VEBA for reporting purposes? Specifically, must the adminstrator provide a summary annual report to participants for the VEBA?

It looks like a VEBA arguably could qualify as a "master trust" under the DOL Regs (2520.103-1(e)), in which case the administrator would not be required to provide a summary annual report for the VEBA (although it would have to provide SAR's for the individual plans funded through the VEBA).

Anyone ever run accross this issue?