WrapDoc360 offers the functionality to import or export employer group data using Microsoft Excel, a feature that allows brokers to enter and view the data for their employer groups all in a single, well-organized document.

Digital distribution of the Wrap documents is a great option for brokers looking to avoid the time and expense involved with printing and delivering paper copies to their employer groups.

Under the Employee Retirement Income Security Act of 1974 (ERISA), the federal law that sets minimum standards for employee welfare benefit plans, plan administrators (typically employers sponsoring such plans) must furnish to plan participants a Summary Plan Description (SPD) which contains important disclosures and other information about the plan in understandable terms.