Excerpt: A wrap document, also referred to as a wrap plan, provides a plan sponsor with an ERISA compliant employee benefit welfare plan document and meets two important purposes. A wrap document wraps itself around, and incorporates by reference, the insurance certificates, policies, contracts, booklets and other benefit descriptions provided by insurance carriers to comply with the required content under ERISA. The wrap document groups all the benefit plans together to form one plan. This results in a reduction of Form 5500 filings.  MORE >>