The provisions of ERISA fall under the Department of Labor, specifically, Title I, which established fiduciary and other standards for employee benefit plans sponsored by private sector employers.
Most carriers specifically state in their administrative guides that it is the Employers’ responsibility to comply with all provisions of ERISA.
Compliance requires every health and welfare plan to have an executed and adopted written Plan Document in place, to create and distribute a Summary Plan Description (SPD) to all plan participants within the required timeframes, AND ERISA also mandates that numerous one-time and annual Employee Notices be distributed properly.
As your broker, we are dedicated to helping you get and stay compliant with the required ERISA documents & federal employee notices for your health & welfare benefit plan.
With the help of our sister company, Employer Compliance & Resource Center, we create and maintain company-specific plan documents and employee notices required by ERISA, and we do it within 5 business days.
We have engaged and retained The Wagner Law Group to serve as an ongoing resource to our clients because of their stellar reputation and expertise in in the field of ERISA law.
The Wagner Law Group certifies our prototype documents for compliance with all applicable provisions of ERISA every 90 days!