Understand Your SPD Document

In this informative video, Bayntree Financial advisor Cristina Perez emphasizes the significance of an SPD (Summary Plan Description) for a 401k plan.

  • The SPD contains crucial information, including eligibility requirements, contribution limits, vesting schedule, investment options, and fees.
  • Additionally, it outlines benefits, employer matching, and procedures for claims and appeals.
  • Employers are obligated to provide a copy of the SPD to eligible employees.
  • It's essential to read the SPD carefully to make informed decisions about retirement savings and to comprehend potential risks.

Don't miss out on the chance to empower yourself in handling your 401k and working towards a secure financial future by understanding the importance of your SPD.

To discuss any questions you may have, please contact Bayntree at (480) 494-2750 or click here to schedule a 15-minute call.

401(k) Education