Erisa Wrap Document Template

The purpose of the document is to provide certain disclosures and information to employees about the benets an employer oers.

Erisa wrap document template. With the spd wrap it creates one document and overall spd required for all health and welfare benefits such as medical dental life disability. The employee retirement income security act erisa requires plan administrators the people who run plans to give plan participants in writing the most important facts they need to know about their retirement and health benefit plans including plan rules financial information and documents on the operation and management of the plan. And can be used in conjunction with the member payment summary and provider facility directory to create a summary plan description. Erisa spd requirements are receiving new attention and enforcement.

Dont worry its warrantied. Erisa solutions provides a web based summary plan description spd wrap service that allows clients and their broker to easily create store and update summary plan description documents as needed. Complete your erisa wrap documents with ease. A wrap document is a document that employers must prepare and provide to employees.

Wrap tight sm is a fully integrated compliance and document management system. A professional erisa compliance services firm specializing in wrap plan documents spds simple cafeteria plans and 5500 filings at erisa pros we are your go to specialists for erisa compliance services and documents for health welfare benefit plans. These documents together with this document constitute the summary plan description required by the federal law known as the employee retirement income and security act erisa. According to bernard kearse jd llm founder of erisa pros the most common misconception held.

Capitalized terms not otherwise defined in this document are defined in the plan document. It is a requirement of the erisa law which is overseen by the department of labor dol. Employers are required to provide a spd for each plan or they can use an spd wrap document to include all welfare benefit plans. In addition to easing compliance with erisas plan document and summary plan description requirements wrap documents may be used by employers to consolidate employee welfare benefit plans into.

Is being provided to help clients obtain a legally sufficient summary plan description spd under the employee retirement income and security act of 1974 erisa. Human resources department free of charge.