Have you updated your Summary Plan Descriptions lately?
A summary plan description, or SPD, is the document that is given to participants and beneficiaries explaining the material terms of an ERISA plan. Both pension plans and welfare plans are required to provide SPDs to participants. An SPD generally must be provided when a participant first becomes covered by a plan. It also must […]
| 2 min read | Tagged: health plans, qualified retirement plans, SMM, SPD, summary of material modifications, summary plan description
Anne M. Meyer Partner