What should the "Plan Name" be for an employers' Wrap plan?
There are no specific legal requirements for determining a welfare benefit plan's name. To help identify the plan, the plan's name typically includes both the plan sponsor's name and a general description of the benefits provided by the plan. The system will automatically assign the words "Wrap Plan" to the end of the employers' name and will be displayed as such on the cover page of the Plan Document and Summary Plan Description. The name can be changed as there is a form field in the system to allow for editing. Typical plan names: Wrap Plan ERISA Wrap Plan Health & Welfare PlanFind another question