May 19, 2022
Plan sponsors have to deal with a number of compliance obligations. Chief among them are the requirements to maintain and potentially distribute plan documents to participants. Join us for a discussion of the plan documents that are required by the different benefits-related laws and the nuances between them.
Agenda
- Cafeteria Plan Documents
- ERISA Plan Documents
- Wrap Documents
- Distribution Methods
- Final Thoughts
Key Takeaways
- Having plan documents is a fiduciary requirement and protects your plan from increased liability.
- Knowing the differences between the documents is key to an appropriate fiduciary understanding.
- The entire '˜canon' of '˜documents' that you provide to employees can be used against you; so, seek to minimize conflicts.
- Not all plan document vendors are created equal. Complex plan designs should = sophisticated vendors.
- Having an ERISA attorney review your vendor-created documents is a good idea.
- It's never too late to get the documents in place. Start now if you haven't already.