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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.. The administrator is legally required to send the SPD, free of charge, to all group health plan participants within 90 days after ...
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 plan administrator is legally obligated to provide to participants, free of charge, the SPD. 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.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-summary-plan-description
Feb 14, 2020 · New employees must receive a copy of their plan sponsor’s latest Summary Plan Description within 90 days after becoming covered by the plan. Plan sponsors are not required to file the Summary Plan Description with the Department of Labor (DOL), although they are required to provide it to DOL upon request.
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://shrm.org/hr-today/news/hr-magazine/Pages/0807sosnin.aspx
What’s in Your Summary Plan Description? ... HR practitioners often view the drafting of their summary plan descriptions (SPDs)—the documents that deliver the information plan participants ...Author: Betty Sosnin
https://www.investopedia.com/terms/s/summary-plan-description.asp
Jan 08, 2020 · A Summary Plan Description (SPD) is a document that employers must give free to employees who participate in Employee Retirement Income Security Act-covered retirement plans or …Author: Julia Kagan
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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