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Summary Plan Description Checklist Form

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with all the attention given lately to the implementation of the affordable care act many employers have forgotten their obligations under a much older law erisa passed back in 1974 chief among them is to provide summary plan descriptions or spds to their employees many employers think that this requirement only applies to large employers when in fact every plan that's subject to orisa must have an spd and must be made available to the employees the second misconception is that an insurance certificate or booklet satisfies the spd requirement while that booklet has a lot of information about that particular plan it does not contain all the information required under the act why is this important today well we find that the government will be doing an audit for compliance the affordable care act and while they're doing that they're also checking your compliance for erisa for additional information please contact us you

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