Cafeteria Plans Update

In Retirement Benefits Planning Update, Prob. & Prop., Jan./Feb. 2008, at 51, Harvey B. Wallace II (Berry Moorman PC, Detroit, Michigan) provides an update of cafeteria plans including a discussion of the new proposed regulations.  His article covers the following issues:

• Integrated rules for cafeteria plans
• Written plan documents
• Failure to comply
• Election of benefits
• Substantiation of expenses
• Flexible spending arrangements
• Nondiscrimination rules