Live Webinar | Plan Documents: ERISA, Section 125, SPDs, and Wraps, Oh My!
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Live Webinar | Plan Documents: ERISA, Section 125, SPDs, and Wraps, Oh My!
October 14, 2016
Group health plans have a multitude of documents that need to be compliant with federal regulations. Cafeteria plans must have plan documents as well as documentation evidencing the adoption of the plan, and plans subject to ERISA need a plan document outlining the plan’s terms for a number of items, including eligibility, benefits, exclusions, a named fiduciary and plan administrator, claims and appeals procedures, funding information, and other items, These requirements are separate from the summary plan description (SPD) and Summary of Benefits and Coverage (SBC) requirements that plans must also meet.
This webinar will help employers understand what plan documents they need, what the documents should contain and the implications of using a “wrap document” to wrap the ERISA plan document and SPD requirements into one document. This webinar will:
Explain what a cafeteria plan document is, and what is required to be in the document
Outline the supporting documentation every cafeteria plan should have regarding its adoption
Discuss how cafeteria plan documents and documents required under ERISA are different, and cannot be combined into one document
Explain what a plan document is for ERISA purposes and what is required to be in the document
Explain the requirements for SPDs
Discuss how wrap documents are used, along with the pros and cons of using a wrap document
Discuss how wrap documents can be used to wrap ERISA requirements into a single benefit plan, or to combine multiple benefit plans together
Discuss an employer’s requirements when they update a plan, including Summary of Material Modification requirements
Provide best practices regarding retention of plan documents and other recordkeeping requirements
This 90-minute beginner to intermediate level webinar will help employers understand the plan document requirements for group health plans.
This webinar event has been submitted to the Human Resource Certification Institute and the Society for Human Resource Management to qualify for 1.5 recertification credit hours.
This webinar is part of UBA’s Employer Webinar Series. Brinson Benefits is a member of United Benefit Advisors (UBA) an alliance of the Nation’s Premier Independent Advisor Firms.
