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New Subsidiary to have different benefits eligiblity.


Guest AFoodman

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Guest AFoodman
Posted

We are adding 2 or 3 new subsidiaries with the same benefit plans as parent but different eligibility requirements. How do I set this up? Do I need to have seperate plan docs for each company, or can I just amend for the new subsidiaries?

  • 2 weeks later...
Posted

You should only have to have one plan, but the participating related employers, parent and subsisdiaries, have different elgiblity requirements. You should line out the differences in a what we call a participating employer agreement and as well as in the SPD.

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