ERISA Wrap Services
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Among the many compliance services we offer is the preparation of ERISA Wrap plan documents for employers with large and small groups to comply with ERISA relating to their welfare benefit plans.

ERISA is a federal law that regulates group-sponsored benefits, often called welfare benefit plans. Besides requiring the provision of specific plan features and funding information, the law mandates employers to comply with strict requirements for disclosing plan information to all eligible employees.

Any employer sponsoring health or welfare benefits must determine the best way to document benefits for legal compliance and to effectively communicate with employees. Employers sponsoring insured benefits must also worry about missing ERISA provisions in their insurance documentation. Sometimes using a "wrap document" to bundle benefits into one plan and/or supplement insurance documents is much easier for the employer.

Standard administration services include:

  • Preparation of "mega wrap" or wrap document and Summary Plan Description (SPD).
  • Form 5500 and associated schedules A, if applicable
  • Preparation of summary of material modification with amendment when plan changes are made
  • Summary annual report (SAR)
  • Guidance on document retention
  • Assistance with employee access and rights
  • ERISA compliance requiring guidance and technical assistance
  • Provide the following notices at the employer's request: COBRA notice, certificate of creditable coverage, QMCSO procedures, WHCRA annual notice, ARRA election form, and a CHIPRA annual notice.
  • Personal customer service

Additional compliance services include:

  • Form 5500 late filing
  • PPACA notices for non-grandfathered plans:
    • Notice of adverse benefits determination
    • Notice of final adverse benefits determination