The Employee Retirement Income Security Act (ERISA) requires that plan participants be provided, in writing, with the most important facts they need to know about their retirement and health benefit plans including plan rules, financial information, and documents on the operation and management of the plan.
Section 402 of ERISA requires that applicable benefit plans must be established and maintained according to a written instrument. A Plan Document is a comprehensive written instrument describing the operation and administration of an employer’s benefit plan. Some of these facts must be provided to participants regularly and automatically by the plan administrator. Cimplx will prepare the legally required and compliant Plan Documents for your business.