Are there any requirements to restate any type of 125 plan for GUST?

[Guest GuyHocker]

Are there any requirements to restate any type of 125 plan for GUST???

[Lisa Hand]

Guy: could you please give us some more detail on your question.

[Guest GuyHocker]

Well, we all know that plans need to be restated to incorporate law changes. My question is do 125 plans need to be restated under GUST. For example, there are definitions of Highly Compensated that changed, but maybe since 125 plans use a different HCE definition, that exempts them from restating. Or, maybe it doesn't. That's my question.

[Guest]

It was my understanding that the GUST amendments related to pension plans.

I 125 cafeteria is a fringe benefit plan;thereby not impacted.