Guest Mfcavo Posted November 11, 2000 Posted November 11, 2000 Does a cafeteria plan which is used solely for employee contributions to various welfare plans for funded solely by insurance have to distribute summary annual reports? We did file a 5500 for this fringe benefit plan.
Guest Paul Posted November 12, 2000 Posted November 12, 2000 No a SAR only applies o "welfare benefit plans under ERISA. A POP is a fringe benefit plan under the Code.
Moe Howard Posted November 14, 2000 Posted November 14, 2000 The cafeteria plan does not have to issue SARs to participants (a cafeteria plan is not really a plan in and of itself ... it is simply a "method" by which employees can PAY FOR CERTAIN BENEFITS, offered through employer welfare benefit plans, WITH PRE-TAX $DOLLARS). However, each welfare benefit plan must issue a SAR to participants.
Guest Mfcavo Posted November 14, 2000 Posted November 14, 2000 Thanks for your answers. Does POP stand for "premium only plan"? If a plan offered dependent care and medical reimbursement benefits, would the plan be a welfare plan under ERISA and therefore required to prepare an SAR?
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