A wonk is: 1) an expert in a specialized and narrow field; 2) an excessively assiduous and thorough student of a subject or issue; 3) a person obsessively preoccupied with the arcane details of a field. Wonk is an anagram of "know."
Atlanta, Georgia (PRWEB) September 20, 2011
ERISA Pros launches ERISA Wonk, a leading blog focusing on ERISA issues related solely to Welfare Benefit Plans. (The definition of wonk is: 1) an expert in a specialized and narrow field; 2) an excessively assiduous and thorough student of a subject or issue; 3) a person obsessively preoccupied with the arcane details of a field. Wonk is an anagram of "know.") Subject experts from around the country will submit blog posts focusing on ERISA issues related exclusively to Welfare Benefit Plans. The posts are moderated for originality, timeliness, and relevance.
ERISA (the Employee Retirement Income Security Act of 1974) is a set of federal laws and regulations that govern Welfare Benefit Plans and Qualified Retirement Plans. Under ERISA, employers must have a written Plan Document and are required to deliver a summary of it, a Summary Plan Description (SPD), to their Participants—regardless of how many employees participate. The SPD is the main vehicle for communicating Plan rights to Participants. Employers must also prepare and file a Form 5500 electronically for each Plan with the U.S. Department of Labor (DOL) and deliver a summary of it, a Summary Annual Report (SAR), to each Participant—unless they meet the strict criteria for the Small Plan Exception. Almost every employer, regardless of its size or number of employees, must comply with ERISA.
A Welfare Benefit Plan is a program established by an employer to provide certain benefits to its employees. Examples of Welfare Benefit Plans covered by ERISA are medical, surgical, or hospital care or benefits, benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs, day care centers, scholarship funds, and prepaid legal services.
About ERISA Pros
ERISA Pros provides ERISA reporting and disclosure consulting and compliance services, such as Form 5500 preparation and electronic filing, and it prepares documents, such as wrap Plan Documents and Summary Plan Descriptions (SPDs) for Welfare Benefit Plans, e.g., employer sponsored group life, medical, dental, and disability insurance plans.
Bernard V. Kearse, III, JD, LLM
ERISA Pros, LLC
990 Hammond Dr.
Atlanta, Georgia 30328
Toll Free: 866-488-6582
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