Summary Plan Description (SPD) Audit/Development

• How do you know if your current Summary Plan Description is complete?

• Would you be found non-compliant if audited?

Our Summary Plan Description Audit can provide you with answers.

The Importance of Summary Plan Description (SPD) Compliance

Each year, the Employee Retirement Income Act (ERISA) requirements change, forcing employers that offer Medical / Dental Benefits to update their SPD(s). What you may not be aware of is that the carriers and even the brokers do not always deliver a fully compliant document to you. We can assess your existing SPD(s) to ensure that you are acquiescent with current federal regulations.

What is a Summary Plan Description Audit?

OperationsInc will assess your existing SPD(s), as follows:

• Review them for content and compliance.

• Compare what is referenced in the SPD(s) vs. what you truly offer as benefits.

• Review to Insure that all legal requirements are being met.

• Identify gaps....and fill them.

We can audit your existing Summary Plan Description, identify strengths and weaknesses and implement solutions where needed. As Subject Matter Experts in the area of SPD development and compliance, we are prepared to assist you with your needs.

To learn more about Summary Plan Description (SPD) Audit/ Development please contact us at: