ERISA Welfare Benefit Wraparound Plan (WRAP Plan)
One document. All your welfare plans. Compliant.
Health & Welfare
About this plan
An ERISA Welfare Benefit Wraparound Plan (WRAP Plan) consolidates all of an employer's health and welfare benefits — medical, dental, vision, life, disability, FSA, HRA, and more — under a single ERISA plan document. This simplifies compliance by requiring only one Form 5500 filing and one Summary Plan Description (SPD) for all wrapped benefits.
What's Included
For Employers
A WRAP Plan eliminates the need for separate ERISA plan documents for each welfare benefit. NBS prepares the wraparound document, files the single Form 5500, and keeps everything compliant.
For Participants
Your employer maintains a WRAP Plan that organizes all health and welfare benefits under one document — ensuring consistent administration and regulatory compliance across all your benefits.
NBS administers more than ERISA Welfare Benefit Wraparound Plan (WRAP Plan)
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also be interested in these related plans.
