Accueil > Answers > WhatdoestheacronymSPDstandfor twa1353298867

ClaireRedfield

The acronym stand for 'Summary plan description'. It is a document that explains the fundamental characteristics of an employer defined benefit or contribution plan; including forms of contribution eligibility, vesting schedules, calculate premiums and distribution options. ERISA requires that the SPD is easy to understand and each participant receives a copy within 90 days of joining the plan.

11:28, 31 October 2013