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SUMMARY PLAN DESCRIPTION FOR Michael's Stores, Inc. Employees 401(k) Plan January 1, 2022Table of Contents Article 1 ..................................................................................
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How to fill out your summary plan description
How to fill out your summary plan description
01
Understand the purpose of the summary plan description (SPD)
02
Gather all relevant information about the plan, including benefits, eligibility criteria, and rules
03
Organize the information in a clear and concise manner, using headings and bullet points for easy readability
04
Include important contact information for plan administrators and details on how to file a claim or appeal
05
Review the completed SPD for accuracy and compliance with relevant laws and regulations
Who needs your summary plan description?
01
Employees who are eligible for the benefits outlined in the plan
02
Employers who sponsor the plan and are required to provide the SPD to participants
03
Plan administrators who are responsible for ensuring participants understand their benefits and rights
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What is your summary plan description?
Our summary plan description outlines the key features and provisions of our employee benefit plan.
Who is required to file your summary plan description?
Employers who offer employee benefit plans are required to file a summary plan description.
How to fill out your summary plan description?
To fill out our summary plan description, you must provide details about the plan's benefits, eligibility criteria, and funding.
What is the purpose of your summary plan description?
The purpose of our summary plan description is to inform participants about their rights and benefits under the plan.
What information must be reported on your summary plan description?
Our summary plan description must include information on plan eligibility, benefits, claims procedures, and fiduciary responsibilities.
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