61 any Employer’s adoption of the Plan at any time. If an Employer merges or is otherwise consolidated with any affiliate, the successor shall, as to the group of Employees covered by the Plan immediately before such merger or consolidation, be the Employer as defined hereunder, unless the Plan Administrator specifies to the contrary. In case of any other merger or consolidation, the successor shall not be the Employer except to the extent that it acts to adopt the Plan . (k) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. (l) “Former Employee” means any person formerly employed as an Employee of the Employer. (m) “Fully Insured Benefit Programs” means a plan where the E mployer contracts with another organization to assume financial responsibility for the enrollees’ medical claims and for all incurred administrative costs. (n) “Independent Review Organization” (IRO) means a third - party organization contracted to collaborate in the decision - making process on claims. (o) “Insurer” means Insurance Company that issues a particular insurance policy to an insured . (p) “Governing Document(s)” means the various carrier p lan document s and this Summary Plan Description Wrap Document required by ERISA that include the Plan ’s terms for a number of items including eligibility, benefits, exc lusions, a named fiduciary and P lan A dministrator, claims and appeals procedures, funding information, and other items. (q) “Participant” means an Employee or Former Employee of the Employer who meets the requirements for eligibility as set forth in this P lan and who properly enrolls in the Plan . A person shall cease to be a Participant when they no longer meets the requirements for eligibility . (r) “Participant Contribution” means the P re - T ax or Post - T ax contribution required to be paid by a Participant, if any, as determined under each Welfare Program. The term “Participant Contribution” includes contributions used for the provision of benefits under a S elf - F unded arrangement of the Company or an Employer as well as contributions used to purchase insurance contracts or policies. (s) “Plan” means this Plan, the Snellings Walters Insurance Agency Welfare Benefit Plan , which consists of this document, and each Welfare Program incorporated hereunder by reference, as amended from time to time. (t) “Plan Administrator” shall have the same meaning as set forth in ERISA Section 3(16). The Plan Administrator for the Plan shall be the Employer , unless another entity or person is appointed by the Employer . (u) “Plan Fiduciary“ means the C ompany (v) “Plan Sponsor” means the C ompany (w) “Plan Year” means the twelve (12) consecutive month period commencing on January of such year .