ERISA Compliance


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 which protects against disgruntled employees if issues regarding coverage arise

We can help you improve your clients’ ERISA compliance:

  • Simplify their administration by giving them the ability to create ERISA wrap plan documents, including Summary Plan Description (SPD), distribution practices, and compliance support
  • Ensure their plan, fund, or program can pass the four elements of the ERISA coverage test
  • Protect 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

Help your clients avoid fines, penalties, and lawsuits – and position yourself as the benefits pro your clients want.

Contact a Word & Brown representative today at 800-869-6989  to learn more.

How Much Can You Earn as an Insurance Broker?

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Word & Brown Salary Guide