Summary Plan Descriptions

We’ve got you covered!

A Summary Plan Description (SPD) describes the rights and responsibilities of both the employer and employee under the group benefit plan by providing detailed information about the health plan itself.

Your company must provide an SPD to your insured employees within 120 days after the group plan is established. Failure to do so could cost you $171 per day in DOL fines.

SBAM members can simply enter your basic plan information into the online SPD template and the complete, compliant SPD will be emailed to you, ready for distribution to your insured employees. VIP and Elite level members enter an assigned promo code at checkout for savings on the purchase of the SPD!

Click for Instructions

Cost for the SPD

Enrolled in an SBAM-sponsored Blue Cross® Blue Shield® or Blue Care Network health plan.

  • Free for any Basic, Premium, VIP or Elite Member

NOT enrolled in an SBAM-sponsored Blue Cross® Blue Shield® or Blue  Care Network health plan.

  • $250 fee for a Basic or Premium Member
  • $150 fee for a VIP Member
  • Free for an Elite Member

Enter assigned promo code at SPD checkout to receive discount. Contact Kellie Neirynck for more information.

Upgrade your membership!
Upgrade to Elite

SBAM has designed a $749 annual Elite Membership level for the business owner looking for comprehensive solutions with special exclusive opportunities. SBAM’s Elite Membership is our most inclusive and exclusive level of membership. How? It includes access to all benefits SBAM provides including the $150 SPD, as well as exclusive perks and invitations reserved just for Elite members.

Click for Elite
Upgrade to VIP

The SBAM $399 Annual VIP Membership is for engaged small business owners who are interested in tapping into SBAM’s multitude of services. VIP Members receive all the Basic and Premium services including a $150 SPD, Davenport University tuition discount as well as exclusive event invitations with special guests.

Click for VIP
Upgrade to Premium

Looking for a one-stop shop for employee benefits and human resources needs? The SBAM $249 Annual Premium Membership is just right for you. Premium Members receive all the benefits of a Basic Membership plus access to so much more, including a $250 SPD, Davenport University tuition discounts and our popular Ask An Expert web portal.

Click for Premium
Upgrade to Basic

The SBAM Basic Membership unlocks tools to help you attract and retain talent, through access to amazing benefits from partners you can trust. For only $129 per year, you also receive important news and updates, a subscription to Focus magazine, discounts on office supplies and shipping, and more.

Click for Basic