Compliance Consulting

Summary Plan Descriptions and Wrap Documents


Federal law ERISA requires most employer-sponsored health plans to have a Summary Plan Description (SPD). The failure to have and distribute a compliant SPD can expose the employer to fines, penalties and Department of Labor audits or even lawsuits. And unfortunately, the documents provided by insurance companies don’t typically constitute an SPD.

Our Benefit Compliance consultants can create compliant plan documents to keep you compliant with federal law. In addition to SPDs, the Benefit Consultants can prepare “wrap” documents, which not only use the documents you receive from the insurance company to create an SPD, but can also bundle your benefit offerings into a single employee benefit plan to streamline your 5500 filing.

To learn more, check out our TerrillConnect overview of the SPD requirement and contact our Benefit Consultants at 314-594-2700, or email us at