Summary Plan Description. A document containing a comprehensive description of a retirement plan, including the terms and conditions of participation. The summary plan description is distributed to potential participants in advance of enrollment.

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The SPD outlined all of the information the retirement conscious employee would need to know so we simply passed it on to him.

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You should always know what is in the SPD and do your best to follow it as closely as you can.

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The spd told us everything we wanted to know and we were ready to retire, so we could implement everything we had just read.

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