erisa solutions

SPD Wrap

ERISA laws require all employers to provide a Summary Plan Description (SPD) for every health and welfare benefit plan offered.

We are happy to provide you with a SPD Wrap that pulls together all SPDs into one document with required ERISA language.


SPD WRAP SERVICE

  • Create, store and edit SPD Wrap within our web-based document center
  • Documents are updated automatically with required ERISA changes
  • Clients and their insurance broker can access the SPD Wrap Center
  • Service includes electronic delivery of documents to employees with 20+ assigned groups
  • Service includes ability to run a Summary of Material Modification (SMM) as needed to communicate benefit changes
 

create your spd wrap

   
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In a few easy steps, your documents will be
complete. It only takes a few minutes. One-
stop document management location.

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Login anytime to update and receive new documents for distribution or audits.

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Documents are kept up-to-date with legal requirements. We notify you of changes.


ERISA Solutions, Inc. is a subsidiary of HR Service, Inc. © ERISA Solutions, Inc. 2015  |  Toll Free: 855-447-3375 (855-4HR-DESK)  |  Site Map

Summary Plan Descriptions & SPD Wraps

ERISA Solutions provides a web-based Summary Plan Description (SPD) Wrap service that allows clients and their broker to easily create, store and update summary plan description documents, as needed. With the SPD Wrap, it creates one document and overall SPD required for all health and welfare benefits such as medical, dental, life, disability, FSA, etc.

In accordance with the Employee Retirement Income and Security Act of 1974 (ERISA), all employers must have a written Summary Plan Description (SPD) for each separate welfare benefit plan (e.g., medical, dental, 125 plan, life, disability, etc.), informing participants of eligibility requirements, benefits, claims and appeals procedures, and rights. Although insurance providers may provide some information required for summary plan description compliance, it is a common mistake for employers to think that the summary insurance information they receive from their insurance provider meets their summary plan description requirements.

A common approach is to combine all SPDs into one overall SPD Wrap notice, tying in the required ERISA language and simplifying the SPD notice process. Use ERISA Solutions to create and manage your SPD Wrap making sure you pass ERISA Audits.

The service includes Summary Material Modifications (SMM) anytime you need to create this notice related to material changes to any of your health and welfare benefit plans.

 

Package Options:

ERISA Solutions offers the following Compliance package options:

Standalone Options: