Ben has extensive experience drafting plan documents, amendments, fiduciary committee meeting minutes, summary plan descriptions
and other participant communications.
Employers should: (1) assess the desire and/or feasibility of applying the Windsor decision for periods prior to June 26,2013; (2) determine whether the state of domicile or state of celebration rules will be used for the period between June 26,2013 and September 15, 2013; (3) work with payroll and plan vendors to make system adjustments; and (4) review retirement plan documents to determine whether summary plan descriptions
and other materials need to be updated.
The form is limited to four pages, a glossary of health care terms, and is ancillary to summary plan descriptions
Cigna and its impact on Summary Plan Descriptions
and expanded Section 502(a)(3) equitable claims
These changes will require amendments to flexible benefit plan documents and summary plan descriptions
before June 30, 2011.
Reviewing plan documents, summary plan descriptions
, administrative procedures, and forms for clarity and consistency, as well as compliance with the applicable law and with the plan's terms
He provides a compliance calendar and describes plans subject to ERISA, exemptions and electronic distribution, annual reports, Pension Benefit Guaranty Corporation reporting requirements, summary plan descriptions
, material modifications, and pension and health plans.
The plan administrator must give all employees summary plan descriptions
detailing eligibility requirements, benefits and election alternatives.
Most carriers will provide their summary plan descriptions
or certificates of coverage electronically.
Summary plan descriptions
(SPDs) furnished by the employer are the main source used in the benefits survey.
The letter asked for numerous forms and documents, including plan documents, summary plan descriptions
, tax returns, annual reports, audited financial statements, board and committee minutes, fidelity bonds, service provider agreements and more.
With this platform, employees can access benefit forms, summary plan descriptions
and other educational material, receive coverage the day they are eligible and make status adjustments immediately.