But to make this change, the plan documents must be sufficiently clear. Where plan document language is ambiguous, the plan is construed as providing plenary review. As with insurance coverage generally, ambiguity is, in effect, construed against the drafter of the documents.However, unless a ...
Tailored ERISA consulting for items such as: Form 5500, Plan Governance Review, ERISA Compliance Reviews, Audit Preparation, Plan Document, Summary Plan Documents and so much more.Take me there! ErisaALERT Up-to-date items to be aware of regarding ERISA compliance and ERISA Guidelines. Items suc...
Plan Document Transition Analyst { I can’t tell you how much I appreciate your prompt response. As you know, things are happening so quickly right now that I didn’t want to wait a week on a response (as I have to with other providers). Thank you. Allison Manager { You have a...
From our first contact with the ERISAPros team, we were impressed with their professionalism and knowledge, and the solutions they offered to produce a Wrap Plan document for our welfare benefit plans. - Susanne Baskin,Benefits Manager, Matrix Resources, Inc. ...
A 402(a) Named Fiduciary is designated in the plan document as having the overall authority to control and manage the operation and administration of the plan. Most commonly, the Named Fiduciary is the ERISA section 3(16) Administrator. ERISA Section 3(16) Administrator A 3(16) Admini...
Document Dashboard Custom Compliance Documents EnsuredCompliance uses a “wizard” approach to create ERISA required documents and non-discrimination tests. The wizard uses a combination of plan-specific information and plan types to deliver custom-tailored, guaranteed-compliant documents. ...
the courts held the plaintiffs' theory of liability was too broad to be plausible. The courts rejected the plaintiffs' argument that any time a plan administrator has the option, pursuant to the plan document, to use forfeitures to either reduce employer contributions or to pay administrative ...
Evaluation of all plan fees (e.g., service provider fee disclosure and determination of which fees may be paid by the plan); and, Decision to delegate plan administration responsibilities to other fiduciaries. Operation of the Plan Interpretation of the plan document; ...
Terms defined in this section will be capitalized throughout this document.Exhibit A - Service Area Map 125This map outlines all the counties included in the Presbyterian Health Plan Service Area.Exhibit B – Statement ofERISA Rights126I.
EBSA administers and enforces ERISA. To ensurecompliance with ERISA, plan administrators must follow plan document terms and make deposits and deferrals on time. They must also submit notices,disclosures, and forms to participants, and update participants of any changes to the plan within mandated ...