29 CFR 2520DOLactive
ERISA Reporting and Disclosure Requirements
Plain English Summary
Requires employee benefit plan administrators to file annual reports and disclose plan details to participants.
CFR Title
29
CFR Part
2520
Effective Date
Jan 1, 1975
Jurisdiction
US
Full Text
Administrators of employee benefit plans must file annual reports (Form 5500), provide summary plan descriptions to participants, and furnish summary annual reports. Plans with 100 or more participants must be audited by an independent qualified public accountant.
Participants must receive a Summary Plan Description within 120 days after a plan becomes subject to ERISA, or 90 days after becoming a participant. Material modifications must be disclosed within 210 days after the plan year in which the change was adopted.
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