Thursday, February 23, 2012
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Summary Plan Descriptions
QuickSPDs, powered by Highroads, allows trusted employee benefits advisors to provide employers with DOL compliant SPDs every year.

QuickSPDs manages the full SPD lifecycle beginning with a comprehensive discovery analysis to asses an employer's inventory, identifying the current state for each SPD and performing a gap analysis towards full compliance. Following the discovery process, the platform manager reviews existing content and customizes a new SPD template to automate new content development so that it can be properly propagated throughout each applicable SPD document.
Benefits
QuickSPDs is 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
Results
The end result is compliant employers with time and budget to focus on employee communications and more strategic projects.
  • Current
  • Compliant
  • Standardized
  • Easy to Understand
  • Automated Updates
  • Streamlined Reviews
  • Centralized Storage
  • Cost Effective to Maintain