Employers are responsible for complying with ERISA (and the Department of Labor, and COBRA, and the IRS …). So it's not the broker's problem, right?
The recent broker compensation disclosure requirement is changing the way brokers think about the services they provide to clients. When employers begin to question what they're getting out of their broker relationship, "not my problem" isn't going to cut it.
One of the ways brokers can provide an additional service to clients is by helping them follow regulations related to employee welfare benefits. Wrap document creation ensures all of the employers' plans are compliant.
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