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90-minute live streaming program
  • April 19
  • 1:00 - 2:30 pm EST

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OnDemand Course

Form 5500 Filing Requirements With Wrap Documents

April 19

Gain an understanding of the Form 5500 requirements for wrap documents and make sure you are in compliance.

Each year, thousands of employers are fined by the Department of Labor for failing to submit an annual Form 5500 or for providing incorrect information on Form 5500. These forms are important disclosure tools used by the government to protect plan participants and beneficiaries, and the fines associated with noncompliance are very costly. Many employers who utilize wrap documents struggle to navigate the complicated instructions and either fail to complete or fail to submit Form 5500, resulting in significant penalties. This topic helps those individuals responsible for compliance to understand the Form 5500 requirements for wrap documents. It explains how to fill out these forms correctly and what to do to get in compliance with federal law. This information is critical for employers so they can ensure they are meeting their obligations under ERISA and avoiding fines that could easily reach hundreds of thousands of dollars.

Learning Objectives

  • You will be able to define a wrap document and explain how it differs from a standard summary plan description.
  • You will be able to describe the purposes of a wrap document, the different types, and the requirements under ERISA.
  • You will be able to explain how to fill out and file a Form 5500 for a wrap document and the penalties associated with noncompliance.
  • You will be able to review a Form 5500 for a wrap document for compliance purposes.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview
  • Wrap Documents: Purpose, Types, Requirements
  • Form 5500: In-Depth Review
  • Case Studies and Best Practices
Wrap Documents
  • Background and Component Parts
  • ERISA Requirements
  • Considerations for Compliance
Form 5500s
  • Filing – Who, What, How?
  • Compliance and Penalties
  • Case Studies and the DFVCP
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on June 20, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • HR Certification Institute 1.5
     
  • This program has been approved for 1.5 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: basic knowledge of employee benefits. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for human resource and benefits managers, controllers, CFOs, accountants, employee relations managers, payroll professionals, business owners and managers, presidents, and vice presidents.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Brady C. Bizarro, Esq.

Brady C. Bizarro, Esq.

The Phia Group, LLC

  • Director, health care attorney in the office of The Phia Group, LLC
  • Practice emphasizes all aspects of ERISA, ACA, and HIPAA compliance
  • Conducts regular seminars and workshops on numerous regulatory, transactional, and compliance matters related to health care and employee benefits law
  • Written several publications related to the areas of health insurance industry, especially self-funded employee benefit plans
  • Member, Self-Insurance Institute of America
  • J.D. degree, Boston University School of Law; B.A. degree, Boston University
  • Can be contacted at 781-535-5643, [email protected] or on Twitter® @ThePhiaGroup
Philip Qualo, J.D.

Philip Qualo, J.D.

The Phia Group, LLC

  • Compliance and regulatory affairs consultant at The Phia Group, LLC
  • Specializes in both employment and health plan compliance, with a focus on self-funded health plans
  • Subject matter expert on Form 5500s based from years of experience in completing filings for large New England employers
  • Written multiple industry publications and contributor to online media content
  • J.D. degree, Villanova University School of Law; B.A. degree, Loyola University
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 408300
Published 2018, 2021
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