Complying with ERISA requirements is easy once you wrap your head around it.A Wrap Document makes administration easier by putting all required notices in one place

and simplifying Form 5500 filing.

Simple is good.The Employee Retirement Income Security Act of 1974 (ERISA) requires each group health and welfare benefit plan to have a written plan document and distribute a Summary Plan Description (SPD) to plan participants. Insurance companies provide certificates of coverage which explain the benefits but most do not include all ERISA requirements.

Wrap Documents simplify ERISA compliance.A simple way to comply with ERISA is by creating a Wrap Document.

With a Wrap Document, group health and welfare benefits are “wrapped” into a single plan document and SPD. By combining the plan sponsor’s health and welfare benefits under a single plan, required notices are in one place and the need to submit multiple Form 5500s is eliminated.

Your wrap document should be indemnified to assure you that it will meet ERISA requirements in the event of an audit. There’s one plan document for all health and benefit plans, there’s only a single Form 5500 to file and you’re indemnified in the case of an IRS-audit.

Two Wrap Document optionsThe Basic Wrap, incorporates the Certificates of Coverage for your group health and welfare benefit plans into a single plan document and satisfies all of ERISA’s stringent requirements.

With the Advanced Wrap, your plan document is customized and includes the Certificates of Coverage, with customized information about your benefit plans that may include specific eligibility and funding information and information about non-ERISA benefits like transportation plans and paid time off (PTO).

Extensive FSA, HRA and HSA language is included, if those plans are available. Plan document specialists consult with you on plan design and assist in generating certificates of coverage for your self-funded benefit plans.

Easy is better.Both wrap options include definitions, benefits and “best practices” procedures. All you do is create and maintain a single SPD. To amend your plan, you’ll need only a single amendment for the whole wrap document.

Both Basic and Advanced Wrap include required regulatory amendments. You’ll receive a form to collect the wrap document data. Once the data is submitted and approved, your wrap document is created.

The heavy lifting is done for you and your wrap document meets all ERISA’s stringent requirements.

Advanced Wrap includes:

1. Plan Document/SPD2. Certificates of Coverage incorporated3. ERISA wrap plan document indemnification4. Easy to use forms and checklists5. Regulatory updates and required amendments6. Access to compliance updates and webinars7. Customer support8. Plan design consultation9. ERISA health and welfare benefits customization10. Non-ERISA benefits consultation (PTO,

Transit, etc.)11. Certificates of coverage for self-funded plans12. Form 5500 and Summary Annual Report (SAR)

(Optional)

Basic Wrap includes all of the above except items 8-11

With a Wrap Document, group health and welfare benefits are “wrapped”

into a single plan document and SPD.

The Starr Group5005 W. Loomis Road

Greenfield WI 532201-414-421-3800

www.starrgroup.com