Tag: Self-Funded welfare plan

At this time of year, many employers and benefit advisors begin preparing Form 5500, the annual report required for most employee benefit plans. Form 5500 must be filed with the federal government within seven months after the end of the plan year. For calendar-year plans, that means the plan’s 2017 Form 5500 is due July…

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…