T Hoffman
Apr 21 1999, 08:32 PM
Is our adoption assistance program an ERISA welfare plan? I have not been able to find any DOL advisory opinions on this topic.
Joe Priselac
Apr 27 1999, 11:38 AM
Adoption Assistance is not an ERISA plan and therefore not subject to DOL regulations. For example there is no requirement to file a 5500 tax form.
victoria davis
May 12 1999, 09:14 PM
Adoption assistance plans are subject to a Form 5500 filing beginning with the 1998 plan year under a new law change to the Code. It is a short filing using a Schedule F, but it must be done or IRS penalties may apply. Refer to the instructions to the 1998 Form 5500.
Joe Priselac
May 14 1999, 05:54 PM
Victoria,
Are you assuming that the adoption assistance plan is within the context of a Section 125 plan? Since it is not a Specified Fringe Benefit Plan or Welfare Benefit Plan on what basis would 5500 filings be required?
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