A Summary Plan Description (SPD) of University Retirement Plan is a document that provides a summary of the features and benefits of a university-sponsored retirement plan. It explains the plan’s eligibility requirements, contribution limits, investment options, vesting schedules, and other important features. The SPD also outlines the plan’s rules and regulations, including how to make changes to the plan and how to file a claim for benefits. Different types of Summary Plan Description of University Retirement Plan include 401(k) plans, 403(b) plans, pension plans, and 457 plans. Each type of plan has its own set of features, benefits, and rules, and the SPD for each plan will explain these in detail.