ERISAPros PRODUCTS & SERVICES
Wrap Plan Solutions |
Consultative Platinum Package |
Consultative Gold Package |
Online Wrap-Tight® |
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| Review of Master Service Agreements, insurance contracts and certificates by Consultant |
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| Review and identification of document discrepancies compared to compliance regulations and employer’s administrative practice |
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| Searchable master PDF of Wrap Plan/SPD, along with insurance documents required for distribution |
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| Extensive telephone consultation with client and/or broker/agent |
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| Communication with client and/or broker/agent to review plan documents, answer questions and discuss distribution requirements |
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| Access to Consultant for duration of Plan Year |
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| Creation of Plan Amendments and Summary of Material Modifications (SMM) during Plan Year |
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| Audit support on any DOL Wrap Plan audit |
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| Long-term access to all Wrap documents via web-based file sharing site |
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| Preparation of Wrap Plan document, aggregating all ERISA benefits into one document |
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| Preparation of Summary Plan Description (SPD) that aligns to Wrap Plan |
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| Qualified Medical Child Support Order (QMCSO) administrative procedure instructions |
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| Digital copies (PDF) of Wrap Plan and SPD |
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| Department of Labor (DOL) Safe Harbor electronic distribution instructions |
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| Archive storage of plan documents |
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| Federal Model Notice package |
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| Compliance for the Plan Year |
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| Annual legislative and compliance updates |
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| Flat-fee pricing in lieu of hourly rates |
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| Subsequent renewal subscription offered at reduced investment |
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Wrap Plan Solutions |
Consultative Platinum Package |
|---|---|
| Review of Master Service Agreements, insurance contracts and certificates by Consultant |
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| Review and identification of document discrepancies compared to compliance regulations and employer’s administrative practice |
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| Searchable master PDF of Wrap Plan/SPD, along with insurance documents required for distribution |
|
| Extensive telephone consultation with client and/or broker/agent |
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| Communication with client and/or broker/agent to review plan documents, answer questions and discuss distribution requirements |
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| Access to Consultant for duration of Plan Year |
|
| Creation of Plan Amendments and Summary of Material Modifications (SMM) during Plan Year |
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| Audit support on any DOL Wrap Plan audit |
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| Long-term access to all Wrap documents via web-based file sharing site |
|
| Preparation of Wrap Plan document, aggregating all ERISA benefits into one document |
|
| Preparation of Summary Plan Description (SPD) that aligns to Wrap Plan |
|
| Qualified Medical Child Support Order (QMCSO) administrative procedure instructions |
|
| Digital copies (PDF) of Wrap Plan and SPD |
|
| Department of Labor (DOL) Safe Harbor electronic distribution instructions |
|
| Archive storage of plan documents |
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| Federal Model Notice package |
|
| Compliance for the Plan Year |
|
| Annual legislative and compliance updates |
|
| Flat-fee pricing in lieu of hourly rates |
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| Subsequent renewal subscription offered at reduced investment |
|
Wrap Plan Solutions |
Consultative Gold Package |
|---|---|
| Review of Master Service Agreements, insurance contracts and certificates by Consultant | — |
| Review and identification of document discrepancies compared to compliance regulations and employer’s administrative practice | — |
| Searchable master PDF of Wrap Plan/SPD, along with insurance documents required for distribution | — |
| Extensive telephone consultation with client and/or broker/agent |
|
| Communication with client and/or broker/agent to review plan documents, answer questions and discuss distribution requirements |
|
| Access to Consultant for duration of Plan Year |
|
| Creation of Plan Amendments and Summary of Material Modifications (SMM) during Plan Year |
|
| Audit support on any DOL Wrap Plan audit |
|
| Long-term access to all Wrap documents via web-based file sharing site |
|
| Preparation of Wrap Plan document, aggregating all ERISA benefits into one document |
|
| Preparation of Summary Plan Description (SPD) that aligns to Wrap Plan |
|
| Qualified Medical Child Support Order (QMCSO) administrative procedure instructions |
|
| Digital copies (PDF) of Wrap Plan and SPD |
|
| Department of Labor (DOL) Safe Harbor electronic distribution instructions |
|
| Archive storage of plan documents |
|
| Federal Model Notice package |
|
| Compliance for the Plan Year |
|
| Annual legislative and compliance updates |
|
| Flat-fee pricing in lieu of hourly rates |
|
| Subsequent renewal subscription offered at reduced investment |
|
Wrap Plan Solutions |
Online Wrap-Tight® |
|---|---|
| Review of Master Service Agreements, insurance contracts and certificates by Consultant | — |
| Review and identification of document discrepancies compared to compliance regulations and employer’s administrative practice | — |
| Searchable master PDF of Wrap Plan/SPD, along with insurance documents required for distribution | — |
| Extensive telephone consultation with client and/or broker/agent | — |
| Communication with client and/or broker/agent to review plan documents, answer questions and discuss distribution requirements | — |
| Access to Consultant for duration of Plan Year | — |
| Creation of Plan Amendments and Summary of Material Modifications (SMM) during Plan Year | — |
| Audit support on any DOL Wrap Plan audit | — |
| Long-term access to all Wrap documents via web-based file sharing site | — |
| Preparation of Wrap Plan document, aggregating all ERISA benefits into one document |
|
| Preparation of Summary Plan Description (SPD) that aligns to Wrap Plan |
|
| Qualified Medical Child Support Order (QMCSO) administrative procedure instructions |
|
| Digital copies (PDF) of Wrap Plan and SPD |
|
| Department of Labor (DOL) Safe Harbor electronic distribution instructions |
|
| Archive storage of plan documents |
|
| Federal Model Notice package |
|
| Compliance for the Plan Year |
|
| Annual legislative and compliance updates |
|
| Flat-fee pricing in lieu of hourly rates |
|
| Subsequent renewal subscription offered at reduced investment |
|
Online Wrap–Tight® Solutions
Use Wrap–Tight® online to produce ERISA wrap welfare benefit plans and SPDs.
Watch our 2 minute introduction.
Form 5500 Preparation |
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| Simple and efficient filing process to meet deadlines |
| Pre-filled plan worksheets in alignment with ERISAPros Plan document or prior 5500 filing |
| Extensive two-tiered internal review process to ensure accuracy |
| Prompt turnaround on modifications/corrections prior to filing |
| Experienced Health & Welfare team to answer technical questions |
| Preparation of Form 5500 and Schedule A’s |
| Prepare Amended 5500 filings |
| Summary Annual Report included |
| DOL Filing acknowledgment provided immediately |
| E-file on behalf of Employer |
| Automatic Extension (Form 5558) filed on behalf of engaged clients |
| Delinquent Filing review and assessment |
| Full-service Delinquent Filer Voluntary Compliance Program (DFVCP) submission |
Premium-Only Plan (POP) Document |
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| Consultative interview for plan preparation |
| Alignment with Wrap Plan documents prepared with ERISAPros consultative or online solution |
| POP Plan document |
| POP Summary Program Description |
| Ancillary premium conversion form available (brand customizable) |
| Flexible plan options available, including HSA and opt-in/opt-out features |