Sec 125 Plan -Summary Annual Report Needed?

[Guest dlm]

I was under the impression that a summary annual report was required by the DOL in a year that a sec. 125 Plan (w/less than 100 partic) filed a 5500-C. However, our software package gives me an error message saying "SAR not needed for fringe benefit plan"...

Is the SAR needed?

[Lisa Hand]

No. Only the Form 5500 filed with the IRS.

[Guest dlm]

Thanks linda.

By any chance do you have a reference for the No sar needed?

I suppose it would be a site from DOL?

[Guest inslady]

I'm trying to find out some information on SAR's as well. Are they only for groups of 100 employees or more? When are they required to be filed? Where can I find the actual verbage on the rules for SAR's in 125 plans?

Thanks!

[SLuskin]

I know that you have to file an SAR if there are more than 100 participants in the Medical Reimbursement Flexible Spending Account. You have to file a separate 5500 for that as well.