Wrangle Blog
An Essential Outline on Establishing an ERISA Plan
An Essential Outline on Establishing an ERISA Plan By: Emily Marr If an employer asks you what steps are to be taken to form a Health and Welfare Plan under ERISA, how would you answer? Many feel the question leads to a blank canvas with plenty of uncertainty on how to move...
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Solving the Mystery on Participants
Multiple times a day Wrangle faces a mystery: When we receive the worksheet data, the Plan Participant counts area is left blank. Of course, everyone knows the Form 5500 cannot be submitted in this manner. Wrangle pieces together what can be...
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New DOL Rule Hits Plan Documents
If your client does not have their Plan Documents and SPDs in place and up to date, they are not just vulnerable to high penalties, such as $110 per day. If taken to court the employer could be brought to their knees. The reason is the Plan Documents and...
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Form 5500’s Big Deadline is Coming
The Calendar year Form 5500s’s initial deadline, July 31st, is fast approaching. Are you ready? Here are six key notes to keep in mind to help meet the deadline as well as be mindful of what else surrounds July 31st: 1. The following carriers will issue Schedule As only to the...
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5500 Data = Leverage
5500 Data = Leverage While searching for prospects, a standard practice is to attempt to determine where your competition stands. After all, to know their book of business, what their strategies are, and how much they are bringing in can give you leverage. Wrangle worked with miEdge.biz, [known as “the Edge,”...
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What Brokers are Thinking
Wrangle’s COO Lynda Taylor attended the BenefitsPro Expo this past week. Although her main objective was to speak on a panel covering ERISA compliance, she took full advantage to listen intently to other sessions and to the various conversations held between brokers within the Exhibitor’s Hall. Here are Lynda’s Top...
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What the Heck are MEWAs?
At a prospect meeting, the broker had a strong indication that the person sitting across the table would soon be a client. All signs pointed to the win. Then the prospect simply pointed out: "Our attorney during an internal audit noted that we are in fact a MEWA and never...
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How to Report International Benefits
There is a question that tends to stop Wrangle and the DOL in its tracks. Is this question on MEWAs, Trusts or another complex type of reporting scenario? No. The question that raises doubt and the need for research is how International benefits are to be reported in the...
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Funding and the Form 5500
An essential building block of an ERISA Plan is the funding method used to cover the benefits, and as a result funding takes center stage of the Form 5500 report. Considering brokers and clients alike are finding new and unique ways to fund an ERISA Plan, there are often...
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