HR Glossary

Summary material modifications

Summary material modification refers to changes made to an employee benefit plan, most often Summary plan description (SDP) which describes employee’s rights, benefits and responsibilities included in ERISA.

what-is-summary-material-modifications

Summary material modification definition

Summary material modification refers to changes made to an employee benefit plan, most often Summary plan description (SDP) which describes employee’s rights, benefits and responsibilities included in ERISA. The summary material modification needs to be provided any time a change has been made.

Summary material modification changes

• New benefits

• Removal of an old benefit

• Plan termination

• Change of responsibilities

• Change in information that can be disclosed

• The new classification of retirees etc

See TalentLyft in action

Applicant Tracking, Recruitment Marketing, Sourcing and Talent CRM software are powerful alone, but unstoppable when used together!

Related content

  • Applicants

    Applicants are an individuals who apply for a post of employment at a certain employers' facilities by going through the hiring process, usually defined by the...

  • Base Wage Rate

    Base wage rate is the minimum fixed amount of money paid for a job before anything extra is added, like bonuses, allowances, or any such compensation. Definition...

  • Carrier

    Carrier refers to a vendor in the employee benefits space. It is a term more commonly used in reference to health care.Carrier definition Carrier refers to...

  • Contingent Staff

    Contingent staff refers to temporary workers in casual employment who supplement a company's workforce.Contingent staff definitionContingent staff refers to temporary workers in casual employment who supplement...

  • Discrimination

    Discrimination is the process of favoring one group of people over other groups which leads to the unfair treatment of others. Discrimination definitionDiscrimination is the process...

Explore more topics

  • HR Tech Trends

    HR Tech Trends – Stay ahead of the curve with the latest HR technology trends. Discover how innovations like AI, automation, and data analytics are transforming talent acquisition, employee management, and workplace productivity. Embrace these cutting-edge tools to optimize your HR processes and drive organizational success.

    Learn more

  • Recruitment Agencies

    Discover how recruitment agencies can efficiently source, screen, and place top candidates tailored to your needs. Explore the advantages of partnering with specialized agencies that understand your industry and deliver quality talent faster, saving you time and resources in the hiring process. Discover the pros and cons of using a recruitment agency.

    Learn more

  • Employee Management

    Employee Management: Discover the essential tools, tips, and processes to build and lead a winning team. Learn how to effectively manage performance, foster collaboration, and create a positive work environment that drives success. Implement best practices to optimize productivity and ensure your team reaches its full potential.

    Learn more

  • Compensation and Benefits

    Compensation and benefits have always been among the top priorities to job seekers, and it will stay that way. But that is a good thing of course - because well-compensated employees who feel extra valued by additional benefits give more, and give their best. Because they have a reason to. Learn how to stand out in the talent market as an employer of choice, providing the best compensation and benefits plans, and getting the most productive and committed employees in return!

    Learn more

  • Turnover and Retention

    Reduce turnover and improve retention with proven strategies. Learn how to identify the causes of employee turnover, implement retention programs, and create a positive workplace culture that fosters loyalty. By focusing on employee engagement and satisfaction, you can retain top talent and strengthen your organization’s long-term success.

    Learn more

  • Mastering the Interview

    Conducting an effective interview means getting the best and most out of a candidate in a limited time frame. To do that you need to ask the right questions. From general questions to more strategic ones, here you'll find all the questions you need to get what you need to help you choose the best candidate.

    Learn more

Simple and affordable recruitment software

Schedule a Demo Start Free Trial