Summary Plan Descriptions (SPDs). The Plan Administrator or its designee shall prepare a summary plan description (“SPD”) which may be in the same form and manner as it is now produced and/or written. The SPD shall be distributed electronically within four (4) months of the date that the Final Approval Order becomes Final; will exclude any mention of ERISA or information about ERISA rights; and will include information about the Plan’s church plan status, including that the Plan’s benefits are not insured by the Pension Benefit Guaranty Corporation. The SPD will make it clear that the Plan is a church plan. The SPD will not comply with ERISA §102. The SPDs shall be furnished to current participants and beneficiaries as described in § 8.3. If a participant sends a written request for an SPD, an SPD will be provided in hard copy at the expense of the participant.
Appears in 5 contracts
Samples: Settlement Agreement, Class Action Settlement Agreement, Settlement Agreement
