Archive by tag: ComplianceReturn
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When it come to ERISA compliance, many employers have misconceptions surrounding when they must have plan documents and SPDs for benefits they sponsor, who is responsible for creating documents and SPDs and what information must be provided to employees and when.
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Categories: Benefits in General, Compliance | Tags: ERISA , Wrap Plans , ERISA Compliance , SPD , Plan Document , DOL

ERISA Compliance: Wrap Plans and SPD Requirements

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ERISA, which is short for the Employee Retirement Income Security Act, is a set of federal laws designed to protect employees of private employers who provide pension, retirement, or profit-sharing plans; and private employers who provide insurance coverage. Wrap plans are a function of complying with ERISA’s plan document and summary plan description (SPD) requirements. Remember: Wrap plans are an easy way to create the companion ERISA language to the insurance certificates so that when dist...
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Categories: Benefits in General, Compliance | Tags: ERISA , DOL , Wrap Plans , SPD , Summary Plan Description , Plan documents , 5500 , Compliance Services

Employer Plan Notices Are Now in Season!

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With open enrollment fast-approaching for many employers, it is also a good time for employers to take stock of whether they have provided all necessary documents and notices for their health and welfare benefit plans to their employees and plan participants this year.
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Categories: Benefits in General, Compliance | Tags: Notice , Compliance , Benefits , SPD , SMM , SBC , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , WHCRA , Wellness , ADA , Grandfathered Plan , MIchelle's Law

Election Impact on the Affordable Care Act

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Now that the election is over and as the campaign rhetoric dust settles, we wait and watch to see what this will mean for the Affordable Care Act (ACA).
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Categories: Health Care Reform, Compliance | Tags: ACA , Election , ACA Reporting , 2017 , Compliance , Employer Shared Responsibility , SBC