blue pen making check marks in check boxes (Photo: Shutterstock)

Many companies that sponsor ERISA welfare benefit plans are currently undergoing their open enrollment process and issuing related participant communications. To assist with that process, this article highlights certain participant disclosure requirements and provides an Automatic Participant Disclosures Checklist for use during open enrollment and throughout the plan year.

The Employee Retirement Income Security Act of 1974 (ERISA) sets forth certain ongoing disclosure and reporting requirements for welfare benefit plans. As discussed in more detail below, a number of disclosures are required to be provided automatically at the time of eligibility/enrollment or periodically thereafter for existing welfare plans. These automatic disclosures include, but are not limited to:

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.