ERISAExpress Wrap Document Application
What is a Wrap Document?
The Employee Retirement Income Security Act of 1974 (ERISA) requires group health plans to have a written plan document and a summary plan description (SPD). The SPD needs to be provided to all participants upon enrollment in the plan. Insurance carrier documents including the contract, policy or certificate booklet (collectively, the certificates) do not generally satisfy the ERISA requirement.
A Wrap document essentially “wraps” around the insurance carrier’s certificate of coverage providing all the required ERISA language. A Wrap document can also combine or bundle multiple employee-sponsored plans into a single document which helps to simplify 5500 filings.
OCA's ERISAExpress Wrap document uses a combination of plan-specific information and plan types to deliver custom-tailored, guaranteed-compliant documents.