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Is a Premium Conversion Cafeteria Plan subject to ERISA?

April 26, 2017cafeteria conversion ERISA Plan Premium Subject

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Is a Premium Conversion Cafeteria Plan subject to ERISA?

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No – the component qualified benefit plans providing the benefits that are paid for with pre-tax dollars are welfare plans subject to ERISA, but a cafeteria plan itself is not subject to ERISA. There is no ERISA fiduciary bond requirement. Click here to order your Cafeteria Plan Forms now! To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice that may be contained on this site or in any publication purchased from this site is not intended or written to be used for the purpose of (1) avoiding any penalties under the Internal Revenue Code, or (2) promoting, marketing, or recommending to another party any transactions(s) or tax-related matters that may be addressed on this site or in any publication purchased from this site.