What's involved in changing name of H&W Plan?

[Guest Connie]

Other than altering the SPDs and 5500 are there other areas that should be addressed to update a welfare plan name? We have medical plan, part insurance - part self-funded, that's been reported on 5500 for years under a plan name that incorporates a prior insurer's name. HR doesn't want to send SARs to employees because of name.

[KIP KRAUS]

Connie:

If your Plan document hasn't been amended to reflect the name change, I'd recommend doing it.

I'm assuming, that at the very least, employees were notified when the insurers was droped. SARs are only used for summerizing the 5500 information, as far as I know. An amendment to the SPD may be in order, but I'm not sure I would call a plan name change a material plan change. Maybe a simple memo to all employees would be in order.

Good Luck