Required Plan Documents
New Plans
myCafeteriaPlan provides the following new plan documents for companies implementing a reimbursement plan:
- Corporate Resolution – a written document that describes an action taken by the board of directors of a corporation. This document generally will authorize an individual to act on behalf of the corporation.
- Plan Document – contains all the legal requirements and controlling provisions of the plan.
- Summary Plan Description (SPD) – condensed from the plan document; details for participation in the plan.
Forms:
- Enrollment – for participation
- Claims – for claim submission
- Worksheets – for calculation of annual election/salary reduction
- Attorney Review & Opinion Letter (Cafeteria Plan only) at client’s request – a legal review by a benefits attorney and a letter indicating that the Plan Document complies with all necessary regulations.
Please note – that the IRS requires that SPDs be distributed to all plan participants within 90 days of enrollment. For your convenience, myCafeteriaPlan provides an online copy of your company’s SPD on your employee and administrative account pages.
Existing Plans
myCafeteriaPlan provides documents updates and amendments for plans based on when the documents were originally created, as well as any new regulations.
Options for Document-Only Clients
Occasionally a company will choose to administer their reimbursement plan “in-house” and request only the plan documents from myCafeteriaPlan. The following services are available to make in-house administration easier for your company:
- Plan Documents, Forms, & Worksheets – all the documents and forms necessary to establish and maintain a reimbursement plan (see New Plans)
- Non-Discrimination Testing Information – for the company to determine compliance with IRS requirements
- Telephone Support – myCafeteriaPlan offers toll-free support for a specified period to assist your company with questions and concerns regarding your new plan.