CARRIERS + PRODUCTS BROKER RESOURCES EDUCATION + NEWS SUPPORT TEAMS ABOUT CONTACT Sign In REGISTER HELP YOUR CLIENTS AVOID ERISA FINES HOME BROKER RESOURCES COMPLIANCE ERISA EMPLOYER ANNUAL FILING REQUIRED The only businesses exempt from ERISA are government employers and church groups. Your clients may be liable for serious financial and/or criminal penalties if they: Fail to create a Summary Plan Description (SPD), which could trigger a plan audit by the U.S. Department of Labor (DOL) Neglect to file the Summary Annual Report (SAR) Form 5500 to the IRS Fail to provide an SPD to their employees Fail to have documentation in order that protects against disgruntled employees if issues regarding coverage arise Here is how we can help you improve your clients’ ERISA compliance and position yourself as the benefits pro your clients want: SIMPLIFY Minimize administration time by giving them the ability to create ERISA wrap plan documents, including Summary Plan Description (SPD), distribution practices, and compliance support. ENSURE Make sure your clients plan, fund, or program can pass the four elements of the ERISA coverage test. PROTECT Lock in benefits with a wrap plan that bundles all of their health and welfare plans into a single plan that can be submitted to the IRS with Form 5500, while incorporating insurance company materials or certificates for reference. SEIZE THE OPPORTUNITY Talk to a representative and find out how to get started with Word & Brown. GET STARTED CARRIERS + PRODUCTS Small Group Large Group Individual & Family Plans Ancillary RESOURCES Quote Documents & Forms Compliance Apps & Tools ABOUT About Us Contact Careers Word & Brown Companies NEWSROOM Carrier Updates Compliance Industry News Technology New Broker Blog Terms of Service | Privacy Policy | Support | Rate Disclaimer | Legal | HITRUST ©2021 Word & Brown Companies