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Understanding Your Summary Plan Descriptions

Lorman Education Services

Dec. 3, 2015
Recorded Online
Webcast
1:00 - 2:30 pm EST

Gain a thorough understanding of the requirements of the summary plan description.

Employers who sponsor ERISA-covered health and welfare plans are required to communicate the terms of the plan to participants in a summary plan description. The SPD is an important disclosure document that describes, in understandable terms, the rights, benefits and responsibilities of participants and beneficiaries in ERISA-covered health and welfare benefit plans. The SPD must include important information regarding the plan, such as information on how the plan works, eligibility requirements, what benefits the plan provides and how those benefits may be obtained. The summary of material modification describes changes made to the plan and changes in the information in the SPD.

This topic will help you understand what a summary plan description is, what ERISA requires to be included in the document and how to distribute the SPD. You will also discover what a summary annual report is, what is required under ERISA and the distribution requirements.

Learning Objectives

  • You will be able to discuss the overview of the summary plan description.
  • You will be able to describe what a SPD should contain.
  • You will be able to explain the distribution of SPD.
  • You will be able to identify a summary annual report.

More Information, How to Register

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