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June 6, 2019

Revised Model Summary Annual Report for Welfare and Pension Benefit Plans

Welfare benefit plans and pension benefit plans subject to ERISA that are required to file a Form 5500 must also provide a summary of the Form 5500 filing to plan participants and beneficiaries. The Department of Labor’s Employee Benefit Security Administration (EBSA) recently released revised model SAR documents that can be used by plan sponsors or administrators.  These revised versions made minor changes to prior model SAR language; for example, the address where plan participants can request a full copy of a Form 5500 has changed. 

As a reminder, the summary annual report applicable to welfare benefit plans and pension benefit plans is required to be distributed to participants and beneficiaries within nine months of the end of the plan year. 

The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.

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