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For Companies such as FMC Corporation Summary Plan Descriptions (SPDs) Assure Health Care Reform Compliance

A technology-based solution for the automated generation of SPDs, HR Compliance can speed content standardization by up to 75 percent while assuring alignment with Employee Retirement Income Security Act (ERISA) regulations and new health care reform requirements. SPDs are documents developed by employers that provide a summary of the health, welfare and retirement benefits offered to employees and their families by an employer as required by ERISA.

"With new regulations as a result of the health care reform bill, every company will now be required to update their SPD and SMM documents to reflect the changing laws," said Michael Byers, president and CEO, HighRoads. "Our new HR Compliance solution streamlines the process while assuring that content is legally validated and embraces new reform language as it changes so that employee communications can be swift and accurate."

"Technology is an excellent way to reduce cycle time when it comes to the production of SPDs," said John Thompson, director of employee benefits, FMC Corporation. "Accuracy, accountability and analysis are all very important when it comes to assuring compliance. With technology like HighRoads you can increase efficiencies through processes that are better, faster, and cheaper."

HR Compliance from HighRoads is a full-service technology solution that quickly and cost effectively refreshes existing employer medical SPDs as well as generating new medical SPDs which are compliant with the new health care reform language. By levering existing templates and automated alerting, HR Compliance enables customers to receive email alerts whenever DOL regulations and language changes and speeds communication of the new changes to employees.

HR Compliance is available now. For more information, please visit: www.hcreformcompliance.com

About HighRoads

The world's largest employers choose HighRoads to gain complete control over their health care costs and compliance. With HighRoads' service, employers 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, MA. For more information, visit www.HighRoads.com.

HighRoads Company Contact:
Petra Marino, 781-503-4031
pmarino@highroads.com
or
HighRoads Media Contact:
Erin Jones, 704-664-2170
erinj@Spiralgroup.com