Plan Documents and Summary Plan Descriptions are two requirements put forth by ERISA (the Federal Employee Retirement Income Security Act). A WRAP Document is customized to wrap around current plan documents and spd’s, as well as, insurance certificates and benefit plan booklets to comply with ERISA.
Employers/plan administrators may be liable for serious penalties if they don’t provide an SPD or have a current Wrap Plan Document:
We, as wrap plan document providers, have solved this problem with a sophisticated system developed together with a major ERISA law firm that makes it easy and economical to comply with federal requirements.
We will provide you with a Wrap SPD and Wrap Plan Document which are designed to wrap around existing certificates of insurance and benefit plan booklets to provide the required provisions and information necessary to comply with ERISA. To be compliant, the Wrap SPD and accompanying benefit plan component documents must be distributed to plan participants. Our document compliance solution includes the following benefits: