From the Hotline: Employer Requirements for Filing Form 5500

Question: Is a self-funded welfare benefit plan with less than 100 participants required to file Form 5500?

Answer: Yes, self-funded welfare benefit plans with less than 100 covered participants at the beginning of the plan year that use a trust or similar account to pay claims must file Form 5500.

While most plans providing retirement and welfare benefits are required to file the Form 5500 regardless of their size, welfare plans covering fewer than 100 employees at the beginning of the plan year are exempt from the filing requirement if the plan is unfunded, fully insured, or a combination of insured and unfunded.