Weflare Benefit

[nancy]

I have a client who has one contract with an insurance company that covers LTD, AD&D and Life. The insurance company sent one Schedule A with the premiums broken out. Can this be filed on one Form 5500 or should a separate return be filed for each benefit?

[Ron Snyder]

IMHO, the DOL cares so little about these types of returns that I don't believe that anyone reviews them. A clerk enters the information into the computer for spitting out later, but it is not used. With that in mind, either approach is defensible. However, unless you have a "wrap" plan (which we have discussed previously) they are separate plans. I would file 2 5500 forms. A harder question is whether I would use the same Schedule A for both, or split the one provided into 2 forms.

[Guest ANNEV]

I think you can possibly argue "one contract/policy, one plan" & therefore one Form 5500 to file.

[Bill Presson]

I think you can possibly argue "one contract/policy, one plan" & therefore one Form 5500 to file.

This is what we would do.