Employee Retirement Income Security Act (ERISA)
Inspire Workforce ERISA Wrap Documents service ensures that your participants understand their benefit plans and help you maintain compliance with ERISA laws.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that exists to set minimum standards for many voluntarily established health plans and established pension plans. The law is designed to protect individuals covered under these plans.
In order to maintain compliance with ERISA requirements, employers must regularly provide documents to those enrolled under these plans. The Department of Labor stated, “Some plan sponsors use a ‘wrap’ document to incorporate various benefits and insurance policies into one comprehensive plan.” This is where Inspire Workforce comes in.
ERISA Wrap Document
Basic
- Plan document
- Summary Plan Description
- Board of Directors Adoption Resolution
- Required updates throughout the year
Premium
- All Basic Package features
- Templates and instructions for 13 employer required notices
- Special Enrollment Rights
- CHIPRA
- WHCRA
- Notice of Privacy Practices
- Patient Protection Notice
- Medicare Part D and more!
CONTACT US
Please feel free to contact us to set up a time for a one on one listening session with one of our business consultants, or if you prefer we can also arrange a webinar in which we address specific needs. Either way we look forward to meeting you!
