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Simple English definitions for legal terms

summary plan description

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A quick definition of summary plan description:

A summary plan description is a document that outlines an employee benefit plan. It includes information about who is in charge of the plan, who is eligible to participate, and what might cause someone to be denied benefits. It also lists any insurance companies involved in the plan. This document must be given to all employees who are part of the plan.

A more thorough explanation:

A summary plan description (SPD) is a document that outlines the details of an employee benefit plan. It is required by the Employee Retirement Income Security Act (ERISA) and must be provided to all participants and beneficiaries of the plan.

The SPD includes important information such as:

  • The name and contact information of the plan administrator
  • The requirements for eligibility and participation in the plan
  • Circumstances that may result in disqualification or denial of benefits
  • The identity of any insurers responsible for financing or administering the plan

For example, if an employee is eligible to participate in a company's 401(k) plan, the SPD would outline the specific requirements for participation, such as the minimum age or length of employment. It would also explain the consequences of not meeting these requirements, such as being ineligible for employer contributions.

Another example would be a health insurance plan. The SPD would outline the specific benefits covered by the plan, such as doctor visits and prescription drugs, as well as any limitations or exclusions, such as pre-existing conditions.

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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
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