Q & A – What benefit communication should employers provide to employees?

Q: What benefit communication should employers provide to employees?

A: If the different benefit plans offered are governed by the Employee Retirement Income Security Act (ERISA), there are required notice and disclosure requirements including providing a Summary Plan Description (SPD), Summary Annual Report (SAR), and Summary of Benefits and Coverage (SBC) to participants.  See the DOLs Reporting and Disclosure Guide for Employee Benefit Plans for more information.

Though not required, a comprehensive employee benefit guide is helpful for employees to understand their benefit offerings.  Employers should work with their broker to develop this type of document.