ERISA Compliance: When Do You Need a Wrap Plan? (60 minutes)
Sue Sieger, ACFCI, CAS
Senior Compliance Consultant
DOL audits are on the rise, so it’s a good time to learn which plans are subject to ERISA and which ones should be included in a Wrap Plan. Insurance carrier booklets and certificates alone will not meet the plan document and summary plan description (SPD) requirements.
This session reviews what a Wrap Plan is, who needs one, and why. We'll answer questions like:
- What plans are subject to ERISA?
- What plans should be included in a Wrap Plan?
- What are the consequences for not having a plan document and SPD for ERISA plans?
This session also covers Form 5500 filing requirements for health and welfare plans and the consequences of failing to file returns timely.