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ERISA Compliance - New Wrap SPD Option

ERISA Compliance - New Wrap SPD Option
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by Christopher Macali on 08 October, 2015 with Add new comment

Even amid the continued frenzy of the Affordable Care Act, many questions that we receive relate to long-standing benefits rules, such as ERISA requirements for SPDs. In response to the current need and demand for Wrap SPDs for health and welfare benefit plans, we have designed an efficient and economical solution for employers. Our “advanced template” Wrap SPD includes a full ERISA analysis and provides a customized document that will (a) supplement the benefits booklets provided by carriers to satisfy ERISA’s SPD content requirements, and (b) consolidate all benefits into one ERISA plan for administration and (where applicable) Form 5500 filing purposes. For information about this option, This email address is being protected from spambots. You need JavaScript enabled to view it..

To confirm, the law in this area has not changed. However, there is additional focus now on ERISA as part of the overall emphasis on benefits compliance in the ACA era. If a refresher on SPD rules would be helpful, contact us anytime, or plan to attend our upcoming webinar (see below).

It remains our goal to serve employers with the highest level of benefits compliance. That is why we have two benefits attorneys on staff, strive to be an industry leader in compliance education, and offer advanced compliance services. If specific training for your staff, organization, or clients would be beneficial on this or any topic, we will be happy to discuss options with you.

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Christopher Macali

Christopher Macali

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