erisa solutions

ERISA Requirement Solutions

Click Get Started Now to create a Summary Plan Description Wrap (SPD Wrap),
125 Premium Only Plan (POP), complete Employee Notices,
receive legal alerts and be ERISA compliant.

  summary plan description wrap

SPD Wrap: An employer must have a written Summary Plan Description (SPD) for each separate welfare benefit plan. 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.

spd wrap

125 POP: For organizations to allow employees to pay for medical insurance premiums on a pre-tax basis, the IRS requires a Premium Only Plan Document that specifies details about the coverage, eligibility under the plan, election procedures, and rules of participation. It also requires a Summary Plan Description (SPD).

125 pop
ERISA & PPACA Employee Notices: Depending on the number of employees, benefits offered, and other factors, you may be required to provide the following employee notices each year: Medicare Part D, Women’s Health & Cancer Rights Act, CHIP, Initial COBRA, MHPA, Wellness Disclosure, Grandfathered Plan, and more. Our service provides an all-in-one employee notice which is customized for your company and emailed to you for distribution. We also provide triggering event notices for such requirements as FMLA, COBRA, Medical Child Support Order, and HIPAA Breach.  
Compliance Basics: The All-in-One notice service is combined into our Compliance Basics Service which also includes PPACA updates, employment law updates (state & federal), due date reminders, HR Bulletin, & more, for only $10 per month per company. See sample Compliance Calendar, HR Bulletin, and Legal Update.

summary plan description
spd wrapsCompliance Basics Plus In addition to the above Compliance Basics
service includes the ability to create, store and edit required SPD Wraps,
125 Premium Only Plans (POP), and to generate Summary of Material
Modifications, as needed.


compliance basics plus
Create and maintain all of your required ERISA and IRS documents and employee notices in one safe, easy to use location with ERISA Solutions, Inc. Click the Get Started Now button or call us toll-free: (855) 447-3375. summary plan description spd wraps

 

See sample legal updates, due date reminders and HR Bulletins at these links:
Legal Updates   |   Compliance Calendar  |  HR Bulletin


 

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: