Summary plan descriptions (SPDs) are a common point of confusion for many employers. Due to the Employee Retirement Income Security Act’s (ERISA) strict requirements and consequences for noncompliance, this can put employers at risk. Learn about the necessity of distributing SPDs under ERISA, the risks of relying solely on carrier information, and the guidelines for electronic disclosure. Download the bulletin to get detailed insights into these requirements and learn more about what steps employers should take.
Article
Understanding summary plan descriptions: Essential information and common misunderstandings
April 25, 2025 / 5 min read
Discover the importance of distributing ERISA-required SPDs to plan participants, the risks of relying solely on carrier information, and the guidelines for electronic disclosure.
