Are you concerned with the Random DOL Audits?

The MBPA Provides Summary Plan Descriptions (SPDs) at No Cost to our Members!

The Employer Retirement Income Security Act (ERISA) guidelines make it mandatory for all businesses with 2 or more employees to provide employees with a Summary Plan Description (SPD). The MBPA continues to take a leading role in informing and helping our members meet their obligations under ERISA.

• Types of benefits covered by Summary Plan Descriptions include: Medical, Long Term Disability, Short Term Disability, Life/AD&D and freestanding Dental/Vision.
• The MBPA SPD is a comprehensive document that satisfies all of the Department of Labor (DOL) requirements.
• The MBPA SPD is essentially a “wrap plan SPD” under which an employer can combine all of its benefits into one plan and one plan document for ease of administration and for purposes of DOL reporting requirements (e.g. Form 5500s) for those employers subject to such reporting.
• The MBPA SPD can be used for both insured and self-insured benefits.

NOW, Two Easy Ways to Get Your Client’s SPD for Active Members:

1. Let Us Do It For You:

• Access an SPD adoption agreement from our Agent Pavilion
• Complete it and e-mail it back to us IN WORD FORMAT at info@michbusiness.org, being sure to provide your complete contact information
• We will complete and return the documents within two business days.

2. Create Your Own On-Line (NEW):

• Go to our Agent Pavilion and click on Summary Plan Description on the main menu.
• Follow the instructions to create your client’s plan…..you can save it in your client’s ‘library’ for their/your future use.

Remember: SPDs are FREE for members and $125.00 for non-members.

We look forward to continuing to provide you and your clients with the most up to date and easily accessible services in this important area. If you have questions or are in need of assistance, please contact our Member Services Team at 1-888-277-6464 or 1-586-393-8800.