plan information

Are Employers Required To Provide Summary Plan Descriptions?

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Are Employers Required To Provide Summary Plan Descriptions? A Summary Plan Description (SPD) is a document that employers must give free to employees who participate in Employee Retirement Income Security Act-covered retirement plans or health benefit plans. How often do summary plan descriptions need to be distributed? The SPD must be furnished: With plan enrollment

What Is An Erisa 404 C Plan?

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What Is An Erisa 404 C Plan? (1) Section 404(c) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) provides that if a pension plan that provides for individual accounts permits a participant or beneficiary to exercise control over assets in his account and that participant or beneficiary in fact exercises