Recently, we took a look at the retirement plans offered by BNY Mellon and Weber-Stephens. This week, we're turning our attention to the other side of ERISA: welfare benefits.
You can easily identify whether a particular plan belongs on the retirement side (defined benefit, defined contribution, etc.) or the welfare side (health, life, disability, etc.) by the three-digit plan number in Part II Item 1b of the 5500. If that number is below 500, it's retirement. Above 500, it's welfare.
So looking at Microsoft's plan 501, we know right away what to expect.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
