5500 Preparer’s Manual for 2012 Plan Years The arch adeptness in the acreage of Anatomy 5500 preparation, 5500 Preparer’s Manual will advice you handle the appropriate anniversary Anatomy 5500 filings for both alimony allowances and abundance account plans.
On October 27, the Department of Labor’s Agent Account Security Administration (EBSA) issued Acreage Assistance Account 2006-02, which amplifies the advice in a 2004 account and provides added advice on abounding of the frequently asked questions apropos bloom accumulation accounts (HSAs) and ERISA.
In April 2004, the EBSA appear Acreage Assistance Account 2004-01, which assured that alike employer contributions to HSAs would not account it to be an ERISA-covered plan area the enactment of the HSA is absolutely autonomous on the allotment of the advisers and the employer does not do the following:
The 2006 advice is in the anatomy of 11 questions and answers, abounding of which accredit to and amplify Acreage Assistance Account 2004-01.
The aboriginal two questions affair the employer’s adeptness to authorize and advance HSAs for employees. The account states that an employer may accessible an HSA for an agent and drop employer funds into the HSA after actionable the action that requires that the enactment of an HSA by an agent be “completely voluntary. The actuality that an employer unilaterally opens an HSA for an agent and deposits employer funds into the HSA does not bankrupt the HSA accountholder of ascendancy and albatross and, therefore, would not accord acceleration to an ERISA-covered plan.”
As acclaimed in the 2004 bulletin, the employer can absolute the HSA providers that it allows to bazaar its HSA articles in the abode or can baddest a distinct HSA provider to which it will advanced contributions after authoritative the HSA allotment of the employer’s ERISA-covered accumulation bloom plan. An employer may action an HSA to its advisers after establishing an ERISA-covered plan in one of two ways. The employer may await on the group-type allowance safe anchorage in DOL Reg. Sec. 2510.3-1(j), in which case the employer cannot accomplish contributions to the HSA; or it may await on the abstracted altitude categorical in FAB 2004-01, in which case the employer may or may not accept to accomplish employer contributions to the HSA.
Three questions and answers in FAB 2006-02 absorb banned transactions:
The account additionally addendum the afterward about HSAs:
For added advice on this and accompanying topics, argue the CCH Alimony Plan Guide, CCH Agent Allowances Management, and Spencer’s Allowances Reports.
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