Employee Benefits Bulletin, June 2002
TIDBITS, TRICKS & TRAPS
IRS SUSPENDS SOME FILING REQUIREMENTS
IRS Notice 2002-24 removes the annual filing requirement for fringe benefit plans, including Section 125 cafeteria plans, under Section 6039D of the Internal Revenue Code. The filing suspension applies to all plan years, including plan years prior to 2001. The Notice does not affect annual reporting requirements under ERISA, so, if one or more of the benefit plans underlying your cafeteria plan is governed by ERISA, the plan may still be subject to a Form 5500 filing requirement each year, although you no longer have to attach Schedule F.
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