Sponsors of cafeteria plans get relief from filing IRS Form 5500.

• Author: Greenspan, Alan
• Position: IRS News - Brief Article

Sponsors of certain types of cafeteria plans no longer are required to file IRS Form 5500 for their plans.

IRS Notice 2002-24 suspends the filing requirement for welfare plans that have fewer than 100 participants where the benefits are paid solely from the general assets of the employer; the benefits are paid solely through insurance; or both.

A plan with fewer than 100 participants and that simply permits participants to pay for insurance premiums with pre-tax dollars no longer needs to file a Form 5500.

"However, in plans that feature flexible spending accounts, the issue becomes slightly more...