On November 21, 2000, The Department of Labor (DOL) published
regulations on the information that must be included in Summary Plan
Descriptions (SPD) for both pension and welfare benefit plans. With the
implementation of the Affordable Care Act, there SPF requirements are receiving
new attention.
Employers who offer any type of benefit plan, including
life insurance, medical, dental, vision, disability, wellness and employee
assistance plans are required to provide and maintain a wrap SPD and distribute
it to all eligible employees. This requirement applies to all employers or
organizations no matter what size, except for government agencies and churches.
There are serious penalties if employers do not comply with this regulation.
We have a solution to help satisfy this requirement for
any organization that offers any of these benefits. Please contact me at
614-889-0934 so I can give you more information about how to get this
documentation in place.
