Wrap Documents and Form 5500 Filing Requirements: ERISA Compliance Update 2018

recording Wrap Documents and Form 5500 Filing Requirements: ERISA Compliance Update 2018

You Will Learn:

• What you must include in a wrap document
• How wrap documents are used
• What to include when filing Form 5500
• Whether or not you need a wrap document for each 5500 filed
• Consequences for ERISA non‐compliance

Access the pre-recorded audio conference
$269.00
 

What exactly is a wrap document and how do we use it?

Many employers assume that the language supplied by group health and welfare plan providers is all they need for ERISA filing compliance. Not so!

In fact, having the proper wrap documents to meet Form 5500 requirements is essential to avoid ERISA non-compliance penalties that can reach as high as $2,140 per day per benefit plan option.

Even if your wrap documents were compliant the last time you checked them, they might not be compliant anymore. Don’t gamble with compliance… learn how to properly use wrap documents to meet Form 5500 filing requirements and avoid common mistakes by attending this compliance focused webinar.

Learning Objectives

During this information-packed program, you will get the answers to the most common and confusing questions related to Form 5500 and wrap documents, including:

  • What exactly is a wrap document and how do we use it?
  • What must be included in the wrap document?
  • Should we exclude voluntary benefits not subject to ERISA from Form 5500?
  • What about HSAs?
  • Do you need a wrap document for each 5500 filed?

With real-life examples of wrap documents and the red flags that point to serious compliance issues, our expert panel will explain;

  • Which organizations are subject to ERISA
  • Plans that require wrap documents under ERISA, and how to comply
  • Benefits of using a wrap document and penalties it could help you avoid (ERISA, COBRA and more)
  • Wrap document design examples, definitions and proper uses
  • Essential information every wrap document should include and who should get it
  • Common non-compliance issues in wrap documents and how to fix them
  • How to meet ERISA SPD and disclosure requirements
  • COBRA considerations
  • How the Affordable Care Act affects summary plan descriptions (SPDs) rules under ERISA
  • Consequences for ERISA non‐compliance
  • Form 5500 filing guidance and “gotchas”

Product ID: 18660

Ensure You’re Properly Using Wrap Documents to Meet Form 5500 Filing Requirements!

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Faculty

Bernard V. Kearse, III
Bernard V. Kearse, III
Of Counsel, Campbell & Brannon

Bernard V. Kearse, III, has practiced law for over 25 years and has concentrated in the estate planning and human resources/employee benefits areas. His experience includes designing and drafting Wills and Trust documents associated with estate planning and elder law, designing and drafting pension, deferred compensation, severance, self-funded medical and other benefit plans (including ESOPs), and representation of clients regarding formation of limited liability companies.

Evelyn King J.D.
Evelyn King J.D.
Vice President, Compliance and Operations, ERISAPros

Prior to joining ERISAPros, Evelyn King, J.D., Vice President of Compliance and Operations, gained over 15 years of experience working with several Fortune 500 companies as well as several privately held organizations, specifically in the area of corporate benefits. Her experiences range from benefit plan design, vendor management, administrative operations, plan compliance, audits, and strategic planning to drafting and modifying health and welfare plan documents.

Continuing Education Units

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    “The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.”

  • shrm

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Ensure You’re Properly Using Wrap Documents to Meet Form 5500 Filing Requirements!

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