erisa solutions

SPD Wrap

SPD and Wrap Requirements

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 under ERISA.

Although insurance providers may provide some information required for SPD compliance, it is a common mistake by employers to think that the summary insurance information they receive from their insurance provider meets their SPD 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.

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.


spd wrap
create your spd wrap    
spd wraps erisa wrap documents summary plan descriptions

compliance basics Enter Company Information

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

hr support package Documents are Emailed

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

erisa summarry plan description Updated

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: