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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.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.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://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-summary-plan-description
Feb 14, 2020 · For more information on the SPD and its importance, visit the Department of Labor web site. 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://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.irs.gov/retirement-plans/retirement-plan-participant-notices-when-a-plan-is-amended
Jan 08, 2020 · When the plan is amended or when the information in the Summary Plan Description (SPD) has changed, participants should receive a Summary of Material Modifications (SMM). Summary of Material Modifications Description: The SMM is a plain language document that describes the plan amendment or change to the SPD.
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. Complicating matters are the current Department of Labor ...Author: Kim Buckey
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.hrserviceinc.com/spd-erisa-requirements-are-you-compliant/
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://sellercentral.amazon.com/gp/help/external/200280260?language=en-US
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