Emily Mao was a featured panelist during the session "Warning! Danger Ahead - Revisiting SPD Requirements" at this conference sponsored by American Academy of Actuaries and the Conference of Consulting Actuaries in cooperation with the Society of Actuaries. Recent court cases have highlighted the risks of having an inaccurate, poorly written or incomplete SPD (Summary Plan Description). After a brief refresher on the basic content requirements, the panelists discussed several recent cases illustrating how SPD deficiencies can create significant legal challenges and potential financial consequences for plan sponsors, plan administrators and their advisors. They also discussed tips for crafting SPD language that is understandable and useful, in addition to being legally compliant.
March 25-28, 2012
Marriott Wardman Park Hotel / Washington, D.C.
March 25-28, 2012
Marriott Wardman Park Hotel / Washington, D.C.