Wrap SPD

[mschlange]

Since most businesses do not have a SPD for the benefits they provide, wondered if anyone had experience or considers marketing that you can create a SPD for all there benefits and charge a fee?
Interest in your experience and how companies respond to this?
Mark

 

[beachgal]

I outsource this for my clients and pay for it out of my commissions. Really depends on what size employers you are looking at.

 

[CalInsure]

Our brokerage uses a great low-cost product in which all you have to do is fill in the plan details (name, carrier, eligibility/waiting period requirements, etc.), and it generates a Wrap SPD and Plans Document using the information you provide. All documents generated are ERISA compliant. If you want more info and the name of the vendor feel free to PM me, as I do not want to break the rules of the forum by promoting a specific vendor/product.