VEBAs - Form 990 Schedule R

[luissaha]

The new reporting requirements under Schedule R of the Form 990 are creating problems for many multiemployer health and welfare funds with a significant number of contributing employers. As I undertstand the new requirements, a health and welfare fund established as a VEBA must now disclose certain information about all of its contributing employers such as the state of domicile, corporate structure, etc., on Schedule R. This requires funds to contact all employers to insure they are reporting correct information. The VEBA rules are becoming more complex and burdensome. Does anyone know if these trusts can be set up as tax exempt under another section of the code?