The Employee Retirement Income Security Act (ERISA) specifies that all plans, regardless of the number of participants, establish and maintain a written document containing specific provisions. These documents must include key provisions such as the following:

• Naming one or more plan fiduciaries with authority to control and manage the administration of the plan.
• Describing a procedure for establishing and carrying out a funding policy.
• Describing plan procedures for distributing plan operation and administrative responsibilities.
• Describing a procedure for and identifying who can make plan amendments.
• Describing the basis on which payments are made to and from the plan.

A Plan Document is required for every Welfare Benefit Plan that an employer maintains that is subject to ERISA regulations. The Plan Document defines the operational and administrative conditions of the plan. Nations Benefit Group provides a turnkey solution for employers in developing ERISA-compliant Plan Documents for Section 125 Premium Only Plans, Flexible Spending Accounts (FSA's), and Health Reimbursement Arrangements programs (HRA's). We also write comprehensive plan documents for Dependent Care Assistance, Parking and Transportation Spending Programs.