Smart Benefits: Summary Annual Reports Due Sept. 30
Monday, July 23, 2018
Plan administrators must automatically give participants a copy of the report, which is a written narrative of the information contained in the Form 5500 files with the Department of Labor, including:
- Name of the insurer
- Total premiums paid
- Value of plan assets at the beginning and end of the plan year
- Amount of plan expenses
It is due to participants within nine months after the close of a plan year. That means, for most calendar year plans, the due date for the plan year 2017 report is September 30, 2018.
For more information about the requirements, click here.
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