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How often does the Wrap SPD need to be distributed to employees?

Automatically to participants within 90 days of becoming covered by the plan and to pension plan beneficiaries within 90 days after first receiving benefits. However, a plan has 120 days after becoming subject to ERISA to distribute the SPD. An updated SPD must be furnished every 5 years if changes are made to the SPD information or a plan is amended. Otherwise the SPD must be furnished every 10 years. See 29 CFR Section 2520.104b-2

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