AmeriFlex PresentsAmeriFlex Presents

Your POP Your POP

Summary Plan Document Summary Plan Document (“SPD”): (“SPD”):

A Guided TourA Guided Tour

Outline of PresentationOutline of Presentation

►What is the summary plan What is the summary plan description (SPD)?description (SPD)?

►WalkthroughWalkthrough IntroductionIntroduction Cafeteria PlanCafeteria Plan Premium Payment BenefitsPremium Payment Benefits MiscellaneousMiscellaneous AppendicesAppendices

►What should you do with the SPD?What should you do with the SPD?

What is the Summary Plan What is the Summary Plan Description?Description?

►The “Handbook” for the planThe “Handbook” for the plan What benefits are offered?What benefits are offered? Who is eligible for those benefits?Who is eligible for those benefits? Who pays for those benefits—and how?Who pays for those benefits—and how? How do you elect the benefits?How do you elect the benefits? How can you change the elections for How can you change the elections for

those benefits?those benefits?►The SPD is distributed by the plan The SPD is distributed by the plan

sponsorsponsor►NotNot the final authority on the plan, the final authority on the plan,

but the participants are more likely to but the participants are more likely to readread

SPD WalkthroughSPD Walkthrough

► IntroductionIntroduction

Conflict between the plan document Conflict between the plan document and the SPDand the SPD

SPD WalkthroughSPD Walkthrough

►Cafeteria PlanCafeteria Plan

Explains the “pre-tax” proceduresExplains the “pre-tax” procedures Benefits & ParticipationBenefits & Participation Election proceduresElection procedures

SPD WalkthroughSPD Walkthrough

►Cafeteria Plan (cont.)Cafeteria Plan (cont.)

Changes in electionsChanges in elections AppealsAppeals Leaves of absenceLeaves of absence

SPD WalkthroughSPD Walkthrough

►Premium Payment BenefitsPremium Payment Benefits

Explains how “pre-tax” procedure Explains how “pre-tax” procedure relates to benefitsrelates to benefits

SPD WalkthroughSPD Walkthrough

►MiscellaneousMiscellaneous

ERISA rightsERISA rights General informationGeneral information

SPD WalkthroughSPD Walkthrough

►AppendicesAppendices

Affiliated EmployersAffiliated Employers

COBRA continuation coverageCOBRA continuation coverage

What Should you do with the What Should you do with the SPD?SPD?

►DistributionDistribution All participantsAll participants Generally 90 daysGenerally 90 days

►Keep on fileKeep on file►ConclusionConclusion