Tag: Employee Retirement Income Security Act

The Rap on Wraps

There‚Äôs a good chance you use a wrap document to help satisfy your Employee Retirement Income Security Act (ERISA) summary plan description (SPD) obligations. Yet if you look for a definition of wrap document in ERISA statutes or regulations, you will not find one. The wrap is not a defined term or required document; it…

Question: What is the Employee Retirement Income Security Act (ERISA) and how does one know if their group health plan is an ERISA plan? Answer: The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide…