Employers > Plan Overview
Plan Information | U.S. Department of Labor
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 ...
401(k) plan overview | Internal Revenue Service
Two of the tax advantages of sponsoring a 401(k) plan are: Employer contributions are deductible on the employer's federal income tax return to ...
Summary Plan Description: What it is, How it Works - Investopedia
The SPD is a detailed guide to the benefits the program provides and how the plan works. It must describe when employees become eligible to participate in the ...
What Is a Summary Plan Description? - BambooHR
A summary plan description (SPD) is a document an employer gives to their employees who are participating in retirement or health benefits plans.
What is the difference between a plan document and a summary ...
The plan document provides more detail than the SPD and should be referred to when administering the plan. Confusion often arises for employers with fully ...
Plan Information | U.S. Department of Labor
... plan, called the summary plan description ... Compliance Assistance - Provides publications and other materials to assist employers and employee benefit plan ...
Healthcare Overview: The Basics for Employers - Towne Insurance
Healthcare Overview: The Basics for Employers · Increased employee attraction and retention, including delayed retirement of key employees. · Tax incentives for ...
How to draft your first summary plan description (SPD) - PeopleKeep
An SPD is a summary of your benefit plan that outlines the benefit's details and requirements. It's the primary vehicle for communicating health ...
29 CFR § 2520.102-3 - Contents of summary plan description.
(i) A statement that a complete list of the employers sponsoring the plan ... (3) A summary plan description for a single-employer plan will be deemed to ...
Participants 401(k) plan overview | Internal Revenue Service
Employers sponsoring safe harbor 401(k) plans must satisfy certain employee notice requirements. The notice requirements are satisfied if the ...
In 2024, Voya Financial earned an “Excellent” rating from Corporate Insight, Inc., in their 2024 Retirement Plan Monitor – Institutional Report. The report ...
What is a Summary Plan Description (SPD)? - Combined HCM
By creating and distributing a comprehensive Summary Plan Description (SPD) to employees participating in your employer-sponsored benefits plan, ...
Employer-Sponsored Health Insurance 101 - KFF
Health plans contract with hospitals, physicians, pharmacies, and other types of health providers to provide plan enrollees with access to ...
Employer vs Individual Health Insurance Plans - Medical Mutual
These are also called group plans. Your employer will typically share the cost of your premium with you. Advantages of an employer plan: Your employer often ...
Multiple Employer Plan: Meaning, Overview, Different Types
A multiple employer plan (MEP) is a retirement savings plan that covers two or more employers. It enables small companies to offer big-company benefits.
What is Summary Plan Description and Does My Company Need ...
The summary plan description is a document written in such a way that employees of the benefits plan can easily understand what their benefit ...
Pooled Employer Plans— Employer Considerations
Under this rule, if just one of the participating employers causes the plan to violate the ... services that will be offered, including a description of the role ...
What's a Healthcare Benefits Summary Plan Description?
Plan name and IRS number · Employer's name and address · Plan administrator's name and contact information · ERISA disclosures · Guidance on how employees can file ...
Don't Overlook Your Summary Plan Description (SPD) – 5 Benefits ...
The correct answer is the employer. Should a viable SPD not be provided, DOL enforcement penalties will be issued to the employer, not their ...
How to Design an Employee Benefits Program - SHRM
If a current benefits plan exists, the employer may also conduct a utilization review of each plan to determine actual employee use. Knowing the frequency a ...