ERISA Advisory

We prepare ERISA Wrap plan documents for large and small Employers to ensure their welfare benefit plans comply with ERISA.

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ERISA Advisory

Among the many compliance services that we offer is the preparation of ERISA Wrap plan documents.

This document is for employers with large and small groups to insure ERISA compliance relating to their welfare benefit plans.

The Wrap document is a shortened plan document and/or summary plan description that incorporates all required language to meet the ERISA guidelines. This document “wraps around” existing insurance policy language, and self-insured plan language, to create a fully compliant plan document and summary plan description. The Wrap document is a single document that can fully incorporate multiple plan documents for the different employee benefits that an employer offers. It can also be a combination of fully-insured and self- insured plans or any variation thereof. More importantly, only ONE summary plan description and ONE Form 5500 filing is required for all the plans that fall under the Wrap arrangement.

Services Offered

  • Preparation of Wrap Document and Summary Plan Description (SPD)
  • Form 5500 and associated scheduled A&C, if applicable
  • Modifications & Plan Amendments, as needed
  • Consultation Services as need throughout the year
  • Employer Access to HR Compliance information via the BMA portal

The Wrap document is a shortened plan document and/or summary plan description that incorporates all required language to meet the ERISA guidelines.

This document “wraps around” existing insurance policy language, and self-insured plan language, to create a fully compliant plan document and summary plan description. The Wrap document is a single document that can fully incorporate multiple plan documents for the different employee benefits that an employer offers. It can also be a combination of fully-insured and self- insured plans or any variation thereof. More importantly, only ONE summary plan description and ONE Form 5500 filing is required for all the plans that fall under the Wrap arrangement.

Our philosophy on pricing is to include all Wrap services for one simple fee.

We do not have additional charges, except what is outline below. ERISA pricing, will include a one-time set-up fee and annual compliance fee to insure compliance from year to year. We appreciate the necessity to gather competitive pricing, so if there are any questions or comments on our pricing or services, please do not hesitate to ask

  • One-time Set-up Fee
  • Annual Compliance Fee