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How do employee benefit plan documents help me?
by Tony Novak, CPA, MBA, MT
7/8/2014
Employee benefit plan documents are primarily intended to improve communication of details about employee benefits for the benefit of the employer, the employee and third parties with an interest (like beneficiaries and medical service providers). If you believe that improved communication is valuable, then it makes sense to use the best employee benefit plan documents that are readily available.
While we can offer no assurance that our model documents are suitable for your business, we believe that the drafters incorporates the industry’s best concepts and practices applicable to small businesses.
Other likely questions that are covered in separate articles:
Are small businesses required to have written employee benefit plan documents?
What are the risks if I do not have employee benefit plan documents?
Is the insurance policy good enough?
How can I get sample employee benefit plan documents for my small business?
Related topics:
Reporting and Disclosure Guide for Employee Benefit Plans
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