Guest esi-jht Posted February 17, 2006 Posted February 17, 2006 We have one client whose welfare benefit plan is funded by insurance and a veba. We are confused as to how to report this on F5500. If I'm understanding this correctly, there is only one F5500 filed and we would select the "Funding and Benefit Arrangements" at Line 9 as Insurance and Trust? Is this correct? If so, what detail is needed for the trust? We have Schedule A for the insurance but what would be needed for the VEBA (trust) portion? This would be schedule H or I, correct?
Ron Snyder Posted February 24, 2006 Posted February 24, 2006 Form 990 is used to report the asset information with respect to a VEBA trust.
GBurns Posted February 25, 2006 Posted February 25, 2006 Why don't you visit sites such as www.freeerisa.com and look up a few of the F5500s filed by others who have the same situation and see how they do it? George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
Locust Posted February 27, 2006 Posted February 27, 2006 You have a funded plan and will have to file a 5500 and the schedules applicable to assets (H or I) - may also have to be audited if you have more than 100 participants.
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