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Is a Final Report for a Welfare Trust Filing Needed?


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Posted

Hello Everyone, I have a client that has a mega-wrap ERISA Plan on a January 1 Plan year: multiple benefits are bundled. All except medical are under fully-insured policies or self-funded using general assets. Medical is under a trust, and we have marked "trust "on page 2 of the 5500 (along with insurance and general assets). The trust portion came to an end on April 30, 2019. Everything else remained the same. Is the 5500 to have a final report on April 30th due to the trust and a new Plan going forward. Or do we continue to file with the January 1-December 30th ERISA Plan year? I asked the DOL but have not heard back yet. 

Posted

5500Nerd, maybe I'm missing something but it sounds to me like you have, and still have, just one plan, that is, the "mega-wrap ERISA Plan," and the change in funding source is not going to change that or the plan year. You're probably 100 or over, so will still need a CPA audit for 2020 for portion of year had the trust.

Hey, there is going to be a December 31 this year, right? You're making me nervous.

 

Luke Bailey

Senior Counsel

Clark Hill PLC

214-651-4572 (O) | LBailey@clarkhill.com

2600 Dallas Parkway Suite 600

Frisco, TX 75034

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