What Is a Summary Plan Description? A Simple Guide

A Summary Plan Description (SPD) is a legally required document that explains your company's employee benefits plan in easy-to-understand language, acting as the official rulebook for employees. Under ERISA, employers generally must give it to new participants within 90 days of coverage, or within 120 days if the plan is brand new. If you're in… Continue reading What Is a Summary Plan Description? A Simple Guide