Reporting and Plan Documents under ERISA and Cafeteria Plan Rules

For many years, most of ERISA's requirements applied to pension plans. However, in recent years that has changed, and group plans (called "welfare benefit plans" by ERISA and the DOL) now must meet a number of requirements. Also, while cafeteria plans are not ERISA plans, many of the component benefit plans offered through a cafeteria plan are subject to ERISA. This can create confusion for plan sponsors when they determine what ERISA obligations they have in relation to their cafeteria plan, as well as to their individual offerings. This new UBA ACA Advisor can help employers understand the interplay between ERISA and cafeteria plans and the reporting and plan document requirements under both.