ERISAPros prepares Wrap Plan Documents, Wrap Summary Plan Descriptions (SPDs), Summary Annual Reports (SARs), Summary of Material Modifications (SMMs), annual Form 5500s, and Premium Only Plans (POP). We also provide consulting and other services necessary for employers to comply with ERISA as it relates to their welfare benefit plans (e.g., group medical, dental, life & AD&D, disability, and vision insurance policies, as well as plans such as health FSAs, and HRAs.) That’s all we do. We don’t sell insurance or any other products.
Our employees have years of experience, knowledge and training in ERISA and employee benefit plans. We proactively contact our clients every year to outline the legislative changes made by the DOL and find out if they have made changes to their benefits that must be reflected in the SPD.
At ERISAPros, we are at the forefront of where compliance and technology meet.
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The Summary Plan Description, or SPD, is the main vehicle for communicating plan rights and obligations to participants and beneficiaries. As the name suggests, it is generally a summary of the material provisions of the plan document, which is understandable to the average participant of the... Read more
The plan administrator must prepare a Form 5500 annually for each ERISA plan that an employer sponsors in order to report certain information to the DOL. Using our Wrap-Tight Plan Document and Wrap Summary Plan Description (SPD) will allow you to prepare and file only one Form 5500 and... Read more
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