ARE YOU AWARE OF THE ERISA PLAN DOCUMENT REQUIREMENTS? Employee Retirement Income Security Act (ERISA) sets uniform minimum standards to ensure that employee benefits plans are established or maintained in a fair and financially sound manner. Additionally, employers have an obligation to provide promised benefits and satisfy ERISA's requirements for managing and administering private retirement and welfare plans. It is crucial to understand the basics of ERISA’s plan document requirements for group health plans. In this webinar, Sara will discuss:
Employer requirements for updating plan information
How these documents provide a roadmap during times of crisis
The penalties associated with failure to provide plan documents to participants timely
You may also qualify to earn 1 HR recertification credit and 1 Professional Development Credit (PDC) recertification credit for your participation.*
*Savoy is a recognized provider of recertification credits. HR Certification Institute® pre-approved this program for 1 HR (General) credit toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification. Please contact colleenpatterson@savoyassociates.com to learn more.
*Savoy is recognized by SHRM to offer Professional Development Credits (PDC) for SHRM-CP® or SHRM-SCP® recertification activities.