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How does ERISA regulate the design of an Employee Welfare Benefit Plan?

April 26, 2017benefit design employee ERISA Plan regulate welfare

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How does ERISA regulate the design of an Employee Welfare Benefit Plan?

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ERISA provides that every employee welfare benefit plan shall be established and maintained pursuant to a written instrument. This instrument, or Master Plan Document, shall provide for a named fiduciary or Plan Administrator. The Plan must inform participants and their beneficiaries of the basis for paying benefits and the procedure for handling claims, denials and appeals of denials. ERISA does not regulate the actual benefits to be provided.