“This is exactly what we’ve been waiting for. I have been wishing that we could have it all done by one entity for our top accounts in order to consolidate service, lower agency risk of errors & omissions, increase departmental efficiencies, and increase levels of excellence in key client service.”
Welcome to ERISA Desk
Preparing the Health and Welfare Form 5500 is really only telling half of the story of a group health and welfare plan. Wrangle now offers plan document services to tell the full story. With ERISA Desk, Wrangle provides our clients with well-established, audit-tested plan documents intended to meet the requirements of various federal laws and regulations, most notably, the Employee Retirement Income Security Act of 1974 (ERISA).
ERISA requires employers providing group health and welfare benefits to their employees to maintain written plan documents describing the terms and conditions of its benefit plans and to distribute a corresponding Summary Plan Description (SPD) to plan participants and beneficiaries. All employer welfare plans, (regardless of employer size), except government and church plans, are subject to these reporting and disclosure requirements of ERISA.
Many employers use a wraparound plan document and SPD to satisfy other laws: Health Insurance Portability and Accountability Act (HIPAA), the Family and Medical Leave Act (FMLA), the Affordable Care Act (ACA).
Document Preparation Process
To Learn More About the Plan Document and SPD (see below)