|
|
ERISA Plan Documents
Many employers are not aware of the ERISA requirement that all private sector employers, regardless of size, provide a summary plan description (SPD) to all plan participants.
While insurance companies usually provide a booklet that explains their benefits, they do not comply with the ERISA requirements applicable to SPDs. The easiest way for employers to comply with ERISA is to adopt a Wrap Document that “wraps around” the benefit booklets for each component plan. It fills in required and recommended provisions that benefit booklets/summaries from insurance companies don't include. The wrap SPD gets distributed along with the benefit booklets, to make a complete SPD that satisfies ERISA.
Prodegi can produce a wrap document for your employee benefit plan, whether it be a health plan, vision, dental, life insurance, or all of the above.
For More Information Contact Us: Prodegi Plan Documents
|