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https://help.zenefits.com/Employees/Employee_Administration/Mandatory_Employee_Rights_Notices/What_are_ERISA_notices%3F/00-What_are_the_requirements_for_a_Summary_Plan_Description_(SPD)%3F/
The summary plan description, or SPD, provides participants and beneficiaries with information on the coverage and operation of the plan, including key participation dates, how service and benefits are calculated, when benefits go effective, and how to file claims.
http://www.ipsadvisors.com/news/35/e-delivery-of-summary-plan-descriptions
Apr 10, 2015 · Attached is a Summary Plan Description ("SPD") for the [insert name of plan] (the "Plan"). The purpose of this SPD is to provide a basic summary of the Plan's terms as of [insert date], including benefits provided under the Plan and your rights …
https://www.dol.gov/general/topic/health-plans/planinformation
The summary plan description is an important document that tells participants what the plan provides and how it operates. It provides information on when an employee can begin to participate in the plan and how to file a claim for benefits.
https://www.plansponsor.com/employer-must-ensure-delivery-of-summary-plan-description/
Apr 03, 2003 · Employer Must Ensure Delivery of Summary Plan Description March 4, 2003 (PLANSPONSOR.com) - An employer's failure to ensure an employee received an updated copy of their life insurance plan summary has resulted in a $62,250 judgment to the deceased employee's widow.
https://erisapros.com/faqs/spd-delivery-requirements/
It does not warrant and is not responsible for errors or omissions in the content on its website or in its newsletters. ERISA is a complicated and confusing law. Summary Plan Descriptions (SPDs), Wrap Plan Documents, and Form 5500s require review and …
https://www.investopedia.com/terms/s/summary-plan-description.asp
Jan 08, 2020 · Summary Plan Description. A Summary Plan Description is a document that employers must give free to employees who participate in Employee Retirement Income Security Act-covered retirement plans or health benefit plans. The SPD is a detailed guide to what benefits the plan provides and how the plan works.Author: Julia Kagan
https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-summary-plan-description
Feb 14, 2020 · In addition to the Summary Plan Description, plan participants are entitled to receive a Summary of Material Modifications when there is a material modification in the terms of the plan or any change to the information in the Summary Plan Description.
https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/revisit-spd-distribution-rules.aspx
For most employers, creating and distributing summary plan descriptions (SPDs) for each health plan option is viewed as a necessary evil, to be postponed as long as possible. Despite SPDs' value to plan participants as comprehensive sources of information about their benefits,...Author: Kim Buckey
https://www.law.cornell.edu/cfr/text/29/2520.102-3
In addition, the summary plan description shall include a description of the procedures governing qualified domestic relations order (QDRO) determinations or a statement indicating that participants and beneficiaries can obtain, without charge, a copy of such procedures from the plan administrator.
https://shrm.org/hr-today/news/hr-magazine/Pages/0807sosnin.aspx
After designing a health plan, negotiating contracts and assembling a provider network, HR practitioners often view the drafting of their summary plan descriptions (SPDs)—the documents that deliver the information plan participants need to know about the plan’s benefits and …Author: Betty Sosnin
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