The Summary Plan Description And Other Information To Which You Are Entitled
Other Information About The Plan You Have A Right To Receive
« Previous3/3
You have a right to receive a copy of:
Annual Financial Statement
The Plan Administrator is required to give you an annual report on the financial condition of the Plan.
- With insured plans this is usually only a one-page statement.
- Self-funded plans will be more involved.
Changes in a Plan
The Plan Administrator is required to notify you of changes in the plan.
The Administrator is also required to provide revised Summary Plan Descriptions if the changes are material.
A statement describing your rights if you stop working
If you have the right to receive a benefit on termination of employment, you have the right to receive a description of what your benefit would be if you stopped working now.
If you do not have a right to a benefit, the statement will tell you how many more years you have to work to get a right to a benefit.
This statement must be requested in writing and is not required to be given more than once a year.
Copies of all Plan documents
You also have the right to examine or copy all plan documents and other plan information upon written request to the Plan administrator.
An examination is without charge. It must occur at the Administrator's office. The examination can include all Plan documents, including insurance contracts and copies of all documents filed by the Plan with the U.S. Dept. of Labor, such as detailed annual reports and Plan documents.
With respect to copies, the Plan must provide the Summary Plan Description free of charge. The administrator may require a reasonable charge for other copies.
Please share how this information is useful to you. 0 Comments
Post a Comment Have something to add to this topic? Contact Us.