Complete Summary Plan Description (SPD) Management

HighRoads' SPD experts through our SPD managed service assume and manage your entire SPD burden. Our service spans the full SPD life cycle beginning with an assessment of your current state through an automated SPD update process in subsequent years.

Specifically Highroads SPD services include:

Discovery:

• SPD inventory
• Current state analysis
• Compliance assessment and gap analysis
• SPD compliance roadmap

Content:

• Existing content review and update
• New content development
• SPD template creation for content automation

Compliance Review:

• Initial ERISA audit
• Automated workflow for client review and approval process

Maintenance:

• Update SPDs with changes (ie. Plans, pricing, supplier)
• Content updates
• Compliance review

By leveraging our SPD management solution, HighRoads is the only company equipped to manage the time-consuming process of creating, updating and managing Summary Plan Descriptions, providing the following benefits:

• A secure, collaborative environment allows for managed cooperation between internal and external stakeholders
• Built-in workflow enables simultaneous reviews, edits, and approvals in a managed system
• Pre-defined process and audit trail maintains version control
• SPD best practices including language, sections, documents, and workflow

The end result - compliant HighRoads customers with time and budget to focus on employee communications and more strategic projects.

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