What are the consequences for an employer if it does not have a plan document for its health and welfare benefits?

The consequences for not having a Plan document may include:

• Increasing the number of Form 5500 filings;
• Forcing a court to determine the plan terms for employees;
• Having letters & company communications become the plan terms that would determine benefits for employees and their dependents, and
• Making fiduciaries liable for benefit breaches

Written by Larry Grudzien · Filed Under ERISA, Q&A 
Tagged: ERISA Questions & Answers