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https://erisapros.com/faqs/spd-delivery-requirements/
SPD DELIVERY REQUIREMENTS The plan administrator/employer is responsible for preparing the SPD and affirmatively delivering it to certain persons, e.g.: covered employees terminated COBRA participants parents or guardians of children covered under a qualified medical
https://www.dol.gov/general/topic/health-plans/planinformation
The Employee Retirement Income Security Act (ERISA) requires plan administrators – the people who run plans – to give plan participants in writing the most important facts they need to know about their retirement and health benefit plans including plan rules, financial information, and documents on the operation and management of the plan.
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.. The administrator is legally required to send the SPD, free of charge, to all group health plan participants within 90 days after ...
https://www.hrserviceinc.com/spd-erisa-requirements-are-you-compliant/
A Statement of ERISA Rights is also required. SPD Delivery. ERISA requires that an SPD is distributed to covered participants within 90 days after coverage begins, or within 120 days of a new program established. An updated SPD must be furnished to all included participants every five years and every ten years, even if the SPD has not changed.
https://www.hrserviceinc.com/summary-plan-description-wraps/
SPD Wrap Requirements Per the Employee Retirement Income and Security Act of 1974 (ERISA), all employers must have a written Summary Plan Description (SPD) for each separate welfare benefit plan (e.g., medical, dental, 125 plan, life, disability, etc.). The purpose is to inform participants of...
https://www.theabdteam.com/blog/distribution-timing-rules-spds-smm/
Jan 12, 2018 · These carrier documents, combined with open enrollment materials which typically include SMM content, will in many years satisfy the SPD/SMM requirements without any need to provide an updated wrap SPD. There is no requirement that a new wrap SPD be distributed annually. Special Summary of Benefits and Coverage (SBC) Distribution Timing Rules
https://www.law.cornell.edu/cfr/text/29/2520.102-3
§ 2520.102-3 Contents of summary plan description. Section 102 of the Act specifies information that must be included in the summary plan description. The summary plan description must accurately reflect the contents of the plans as of the date not earlier than 120 days prior to the date such summary plan description is disclosed.
https://www.foley.com/en/insights/publications/2019/11/dol-modernize-erisa-electronic-disclosure-rules
Regulations issued by the DOL in 2002 provided plan sponsors with an optional, “safe harbor” electronic delivery method (the “2002 Safe Harbor”) they could use to satisfy ERISA’s delivery requirements.
https://erisasolutions.wordpress.com/2016/07/20/spd-erisa-requirements-are-you-compliant-3/
Jul 20, 2016 · SPD Delivery. ERISA requires that a SPD is distributed to covered participants within 90 days after becoming newly covered by a plan, or within 120 days of a new plan being established. An updated SPD must be furnished to all covered participants every five years, and every 10 years even if the SPD has not changed.
https://www.ebcflex.com/Education/ComplianceBuzz/tabid/1140/ArticleID/660/ERISA-Compliance-DOL-Plan-Document-and-SPD-Requirements.aspx
Feb 26, 2019 · This information alone generally does not satisfy the ERISA plan document and SPD requirements, which a DOL requirement under federal law. Failure to provide plan participants with an SPD within 90 days of participation or within 30 days upon request may result in …
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