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https://erisapros.com/faqs/spd-delivery-requirements/
ERISA Pros Electronic Document Delivery Package – Employers wishing to deliver their SPDs (as well as Summary Annual Reports (SARs) and Summaries of Material Modifications (SMMs) electronically should consider using ERISA Pros’ proprietary Electronic Document Delivery Package. We provide a set of instructions, a checklist, fillable forms and emails, and a spreadsheet to monitor and document …
https://www.federalregister.gov/documents/2019/10/23/2019-22901/default-electronic-disclosure-by-employee-pension-benefit-plans-under-erisa
(1) Current Delivery Standards for ERISA Disclosures. The Employee Retirement Income Security Act of 1974 (ERISA) and regulations thereunder provide general standards for the delivery of all information required to be furnished to participants, beneficiaries, and other individuals under Title I of ERISA.
https://www.foley.com/en/insights/publications/2019/11/dol-modernize-erisa-electronic-disclosure-rules
Under ERISA, plan sponsors must use delivery methods “reasonably calculated” to ensure Required Recipients actually receive required plan-related documents and information. 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 ...
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://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.dol.gov/sites/default/files/ebsa/laws-and-regulations/rules-and-regulations/public-comments/1210-AB50/00074.pdf
Delivering ERISA Disclosure for Defined Contribution Plans WHY THE TIME HAS COME TO PREFER ELECTRONIC DELIVERY Peter P. Swire & Kenesa Ahmad EXECUTIVE SUMMARY In 2002 the U.S. Department of Labor (DOL) issued regulations governing the choice between paper and
https://www.theabdteam.com/blog/distribution-timing-rules-spds-smm/
Jan 12, 2018 · Question: What are the general ERISA distribution timing rules for SPDs and SMMs? Can they be posted to the company intranet? Compliance Team Response: General Summary Plan Description (SPD) Distribution Timing New Plans: Within 120 after the date the plan is created. Newly Covered Participants: Within 90 days after the participant first becomes covered under …
https://complianceadministrators.com/delivery-methods/
There is a notice displayed on the cover of the publication that the ERISA materials are inside; Steps are taken to ensure delivery to anyone who does not receive the publication; 3. Hand Delivery. Although specified as a safe harbor delivery method, the regulations do not specify what constitutes hand delivery.
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...
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