SPD Archives - Employee Benefits I AP Benefit Advisors

DOL – New Electronic Disclosure Guidance for Pension Plans under ERISA

The DOL (US Department of Labor) is proposing in this document a new, additional safe harbor for the use of electronic media by Retirement plans to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).  The proposal, if adopted, would allow plan administrators who satisfy […]

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The Burdens of Compliance

Due to the fact that health and welfare have become ever-present, employees now expect medical, dental, life, and other insurance when they are hired as part of their benefits package. Employers offer this coverage to attract and reward employees and to avoid penalties under the Affordable Care Act (ACA). There are burdens of compliance, which […]

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ACA Documents and Requirements Review

Employers Prepare! With the Affordable Care Act (ACA) in full force, now is the time for employers and plan sponsors to comply with documentation and distribution rules. Failure to comply may result in costly penalties! 1. Summary Plan Descriptions (SPDs) Companies often assume the insurance carrier will provide the SPD or mistake the insurer’s benefits booklet for […]

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HHS Amends Rules on SBCs (Summary of Benefits and Coverage) again

While the final rule on the SBCs makes several, important improvements over the preliminary rule (which you read about here on 9/16/2011, and then read about the delay on 11/18/11) employers and plan sponsors will still need to use the additional time to wrestle with potential costs and resources required to deliver something that will […]

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