Under ERISA, the federal law governing welfare benefit plans, the Wrap SPD and all benefit component documents (e.g., certificates of insurance, benefit booklets, contracts, etc.) must be distributed to each plan participant.

For ERISA-covered plans, the Plan Administrator (typically the employer) is the entity designated in the Plan Document and SPD with the legal responsibility for administration of the Plan.

In general, whether a benefit needs to be included in the Wrap documents depends on whether that benefit is considered an “ERISA covered” plan. ERISA covers plans that provide “medical, surgical, or hospital care or benefits, or benefits in the

Under a Department of Labor regulation that takes effect on April 1, 2018, ERISA covered plans that provide disability benefits must comply with additional procedural requirements for disability benefit claims.  Accordingly, Wrap360 has updated its Wrap templates to

Wrap360 now offers clients the ability to generate standalone SPDs and Plan Documents specifically for Health Flexible Spending Accounts (Health FSAs) and Health Reimbursement Accounts (HRAs). To create Health FSA or HRA SPDs and Plan Documents, simply answer the new