Help Your Clients Avoid ERISA Fines

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.


Talk to a representative and find out how to get started with Word & Brown.