Summary Plan Description

A Summary Plan Description (SPD) is a document that outlines the key features and details of an employee benefit plan, such as health insurance or retirement plans. It serves as a guide for employees to understand their benefits, including eligibility, coverage options, and how to file claims. The SPD must be clear and comprehensive, ensuring that employees have the information needed to make informed decisions about their benefits. It is an important tool for transparency and helps employees navigate their rights and responsibilities regarding the benefits provided by their employer.