ROI Stats
- Created over 330 SPDs at a 25% reduction in legal and consulting fees over the previous year.
- Updated over 250 of the documents at a 75% cost reduction in 7 weeks (previously took 18 months)
- Increased internal staff efficiencies and recognized a 40 - 50 hour/month time savings
Meet the Team
ERISA Communications
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HighRoads ERISA Communications consulting helps FORTUNE 500 employers manage the full Summary Plan Descriptions (SPD) lifecycle, from discovery through distribution. Following the discovery process, HighRoads reviews existing materials and can help develop new materials, revise existing content or customize a new SPD template to automate the SPD update and revision process.
By combining our strategic approach to SPDs, our expertise in communications, and our experience in the HR and benefits industry with our technology-enabled consulting, we can provide a cost-effective and timely solution to your SPD problems.
HighRoads is the only company equipped to manage the time-consuming process of creating, updating and managing SPDs, providing the following benefits:
- A central repository for current and historical documentation.
- A secure, collaborative environment to manage and document the review and approval process
- Best practices in structure, content, and work flow
- Dramatically reduced timing and cost of updating and maintaining SPDs while maintaining continuity and consistency across documents
Today, clients work with our team specifically in these areas:
- Discovery
- SPD inventory
- Current state and gap analysis
- SPD process roadmap
- Compliance Review
- Compliance assessment
- Automated workflow for client review and approval process
- Content
- Existing content review and update
- New content development
- SPD template creation for content automation
- Distribution
- Assistance with pre-production, production and distribution
- Translation, design and printing assistance
- Maintenance
- Update SPDs to reflect plan design, vendor and/or regulatory changes
- Creation of new SPDs
- Ongoing compliance review
The end result is compliant SPDs in less time and for lower cost, freeing you up to focus on more strategic initiatives.
The HighRoads ERISA Communications consulting team represents some 90 years of communications and compliance experience with organizations such as Watson Wyatt, PricewaterhouseCoopers, The Segal Company and Fidelity Investments. The team is lead by seasoned compliance professional Kim Buckey, who in her 30-year career has helped dozens of companies meet their compliance requirements by completing hundreds of health and welfare and retirement plan SPDs.
