ERISA Wrap SPD

ERISA requires group health plans to have a written Summary Plan Description (SPD) document to provide to plan participants upon enrollment in the plan. The ERISA Wrap SPD is a document that “wraps” around your insurance policy, coverage certificate or plan booklet (i.e. group health plans, dental and vision plans, group term life, etc.). The Department of Labor describes the wrap SPD as the “primary vehicle for informing participants and beneficiaries about their rights and benefits” and you, as the employer, are legally obligated to provide each participant with a copy of the SPD.