LJC
Mar 10 2004, 03:08 PM
I know church plans not electing ERISA are exempt from 5500 filing requirements, but the article posted by CIGNA inplies that they are required to file Form 5300. Is this true?
Lame Duck
Mar 11 2004, 02:13 PM
Form 5300 is an Application for Determination for Employee Benefit Plan. It is filed for the purpose of receiving a favorable determination letter on the initial quailfication of a plan or for a plan amendment. While a determination is not required, it is certainly a wise idea for any individually designed plan.