Summary Plan Descriptions (SPDs)

2023 Plan Information

What Is a Summary Plan Description?

The Summary Plan Description, or SPD, details plan rights and obligations for participants and beneficiaries. It summarizes the material provisions of the plan document, and should be understandable to the average participant of the employer. An SPD commonly combines a complete description of the plan’s terms and conditions, including a Certificate of Coverage, and the required ERISA disclosure language.