Can a PEO H&W Plan be a Single ER for 5500?

[chuTzPA]

PEO takes on the W-2 pay, benefits etc. for employees who work at multiple different companies.

For Health & Welfare benefits, they file one 5500 as a Single Employer Plan. Is this possible?

[leevena]

A PEO becomes the employer of record for tax purposes and would need to file the 5500 form.

[chuTzPA]

thanks! question is actually whether it's okay that they are filing as a 'Single Employer Plan' rather than a 'Multiple Employer Plan'

[leevena]

Not an expert on PEO, I am a benefits person  so bear with me.  If the PEO has a single health plan than it is the plan sponsor and will file a single 5500 form.  I have heard of, but have never seen, of a PEO that acts as a broker.  In these situations each employer sponsored their own plan and would be responsible for their own separate 5500 form.

A multiple employer plan is a situation where 2 or more employers maintain a plan.  I doubt a PEO would offer this.