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Truist Financial Corporation 2024 Benefits Bookletwww.kp.org/newmember1Table of ContentsTable of Contents ...........................................................................................................................................
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How to fill out summary plan description for

01
Start with the title of your summary plan description (SPD).
02
Include an overview of the benefits provided under the plan.
03
Clearly outline eligibility requirements for participation.
04
Detail the benefits available, including any limitations or exclusions.
05
Specify how benefits are funded and any employee contributions required.
06
Describe the claims process, including time frames and necessary documentation.
07
Provide contact information for plan administrators or support.
08
Include any relevant legal notices or compliance information.

Who needs summary plan description for?

01
Participants in employee benefit plans.
02
Employees eligible for health insurance or retirement plans.
03
Employers providing benefits for employees.
04
Human Resources departments managing employee benefits.
05
Legal counsel reviewing benefit plan compliance.
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A summary plan description (SPD) is a document that provides detailed information about an employee benefit plan, including benefits, rights, and obligations under the plan.
Employers who offer employee benefit plans are required to file a summary plan description for their employees to communicate the plan's features and requirements.
To fill out a summary plan description, you need to gather all relevant information about the plan, including eligibility, benefits coverage, and rules, and then organize this information clearly in the designated sections of the SPD.
The purpose of a summary plan description is to inform plan participants about their benefits and rights, ensuring they understand how the plan operates.
The summary plan description must include information such as the plan's name, type of plan, eligibility requirements, benefits provided, claim procedures, and the rights of participants.
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