Welfare plans that are subject to ERISA must be set forth in a written plan document, and participants must be provided a plain-language written summary of the plan that meets the regulatory requirements for a Summary Plan Description (SPD). In addition, welfare plans with over 100 participants must generally file a Form 5500 annual report each year.
In this webinar, we will review how plan sponsors can use one or more "wrap" documents to both (i) satisfy the "written plan document" requirement for their welfare benefit plans, and (ii) reduce the number of Form 5500 annual reports they must prepare and file each year. We will also discuss how existing insurance certificates, plan summaries, and benefit descriptions can be "wrapped" with the information they need to qualify as an SPD under ERISA.
PROFESSIONAL DEVELOPMENT CREDITS
CEBS - qualifies for 1 hour of CPE