Pacific Life Uses HighRoads to Augment Summary Plan Description (SPD) ERISA Compliance

Pacific Life Uses HighRoads to Augment Summary Plan Description (SPD) ERISA Compliance Leading Life Insurance Provider Automates Complex SPD Management Processes Using HighRoads Solution

BOSTON--(BUSINESS WIRE)-- HighRoads, the company providing employers – for the first time – complete control over their health care cost and compliance, today announced that Pacific Life Insurance has selected the HighRoads SPD Service to augment the maintenance of its Summary Plan Description (SPD) process in order to be ERISA compliant for its 5,900 plan subscribers.

SPDs are documents developed by employers that provide a summary of the health, welfare and retirement benefits offered to employees and their families. Department of Labor Employee Retirement Income Security Act (ERISA) regulations call for the delivery of clear and current summary details for participants of an employer-based benefits program. By automating this detail-rich task using the HighRoads SPD Service, companies such as Pacific Life can conserve critical staff productivity for more strategic projects while assuring compliance with government regulations.

“The HighRoads SPD Service has greatly enhanced what was traditionally a very complex and time consuming manual process for our department,” said Bunnia Murphy, Assistant Vice President, Benefits, Pacific Life. “HighRoads enables us to remain compliant while conserving our HR staff and resources for other strategic tasks.”

“Like our other client companies, Pacific Life places a high value on their SPDs as both compliance and employee communications documents,” said Michael Byers, president and CEO of HighRoads. “HighRoads is pleased to support Pacific Life’s ongoing emphasis on supporting its employees with complete, accurate and understandable DOL required documents.”

About HighRoads

The world’s largest employers choose HighRoads to gain complete control over their health care costs and compliance. With HighRoads’ service, employers – for the first time – have online access to benefits plan information and pricing, competitive benefits benchmarks, and complete benefits supply chain management. The privately-held company is headquartered in Woburn, Mass.

HighRoads Company Contact:

Petra Marino, 781-503-4031

[email protected]

or

HighRoads Media Contact:

Erin Jones, 704-664-2170

[email protected]

Source: HighRoads

Copyright Business Wire 2009 HighRoads, the company providing employers - for the first time - complete control over their health care cost and compliance, today announced that Pacific Life Insurance has selected the HighRoads SPD Service to augment the maintenance of its Summary Plan Description process in order to be ERISA compliant for its 5,900 plan subscribers.