2018 Conference Schedule

Wednesday, July 11, 2018

Morning Sessions

Cafeteria Plans, FSAs, HSAs and Form 5500

Date: 07/11/2018 8:15-11:45 a.m.
History: Updated
Experience: All (All levels of experience)
Advanced Preparation: None
Field of Study: Taxes
Applicable Audience: CEO/Executive Director
CFO/Finance Director
Finance Staff
HR Director/Manager
HR Staff
Board Member
Tracks: Finance, Accounting, and Tax
Type: Full
Level: Intermediate
Prerequisites: Health and welfare plan background/responsibility will be helpful but not required.
CPE Credits: 3.5
Trainers: Thomas Krieg
Applicable Audience:
CEO/Executive Director
CFO/Finance Director
Finance Staff
HR Director/Manager
HR Staff
Board Member
Learning Objectives:
1. Examine Form 5500 filing requirements for health and welfare plans, including how to correct delinquent filing situations.
2. Analyze the compliance requirements for cafeteria plans.
3. Identify the tax benefits and practical applications of cafeteria plans, FSAs, and HSAs.
Session Description:
Health and welfare plans are commonly neglected by plan sponsors who are misinformed about reporting and disclosure requirements. In this session we will explore the Form 5500 for health and welfare plans and how to utilize the delinquent filer voluntary compliance program as well as wrap plans to simplify and minimize penalties.

We will discuss cafeteria plan compliance including plan document requirements, nondiscrimination testing requirements, and flexible spending accounts for health care and dependent care, including the use-it-or-lose-it rule, what items qualify for reimbursement, pretax premium option, and HSAs.

We also will address the tax benefits of these plans, as well as various practical applications, including how to increase participation in cafeteria plans.