SET plans are a relatively new concept, recently made available to employers with 25+ employees. Under this arrangement, the employer selects one of the available benefit options which best meets the needs of his employees. ABAS/TPA, through its available reinsurers, provides an aggregate only policy, at the equivalent rate to fund the program to the maximum claim liability. The advantage of this program to the employer is that SET plans are governed by the Federal ERISA laws and do not fall under the somewhat restrictive small group reform regulations required by the various states Departments of Insurance. Due to this fact, SET plans, in general, are more flexible and cost effective than traditional small group fully insured programs.