While it can be time-consuming the first time you put a wrap plan together it’s totally worth it. It make it lot of things easier and more compliant with your plans.   However, if you do it be sure you revisit it every year to make sure it stays up-to-date.  Hopefully your benefits broker will be a good partner for you in this process and help you with your various drafts  keep you on task for your annual updates.   Feel free to give me a call if you have a question I am not a benefits broker just a consultant that has a benefits background  feel free to give me a call if you have a question I am not at benefits broker just a consultant that has a benefits background. Kimer. 469-682-9641

We recommend all of our clients subject to ERISA have wrap documents.  While the regulations are a bit silly, the few hundred dollars it costs for a wrap document is good "sleep at night" insurance.  Ted Zalla 513-852-6334

Agree with most of what has been said!  Talk to your benefits broker!  I know at my firm we do it for free to keep them in compliance. (No one likes a Department of Labor Audit).  

I provided a sample Wrap Document from one of our HR Tool Platforms and some further information and hope it helps.  

If any additional needed information is needed, send me an email rmount@langgroup.com or give me a call 513-699-2986.