Severance plans and H&W wrap plan documents

[alexa]

Can a severance plan be included as part of a H&W wrap plan document

We currently have a separate severance plan document but are restating our H&W plan as a wrap plan

we would like to avoid additional Final  5500 filing for the severance plan each year

Thx

[Luke Bailey]

I think so. Would include "4I" for plan characteristics code in welfare plan list on page 1. Since most severance is unfunded, you might not want to combine if your H&W plan is funded and requires an audit.