A summary plan description is required for all of the following except
A)Defined contribution plans
B)Defined benefits plans
C)Flexible spending accounts
D)AD&D insurance

Question

Quizplus · Accepted Answer

Summary plan descriptions are required only for group health plans.
Key Takeaway: A summary plan description (SPD) provides plan participants with information about the provisions, policies, and rules established by the plan and advises them on actions they can take in utilizing the plan. ERISA requires that the SPD include the name and other identifying information about plan sponsors, administrators, and trustees, along with any information related to collective bargaining agreements for the plan participants. The SPD must describe what eligibility requirements must be met to participate in the plan and to receive benefits.

A Summary Plan Description Is Required for All of the Following