We have developed a Participant Disclosure checklist to help you with the fee related participant disclosures. Just click on the download link.
Participants and beneficiaries (participants) in participant directed individual account plans (except SEPs, IRAs, SIMPLEs and governmental plans are subject to the ERISA §404(a)(5) disclosures. The special rules applicable to Company stock are not included in this checklist.
General timing requirements – Disclosures must be provided on or before the date on which a participant can first direct his investments and at least annually thereafter. Participants must be informed of changes at least 30 but not more than 90 days in advance of the change if practicable. In addition, certain information must be provided quarterly
The material is for the sole purpose of providing general information and does not under any circumstances constitute legal advice. You should not act on these items without first obtaining the advice of counsel.