MarZDoates
Jul 11 2003, 01:12 PM
I have been asked by a plan sponsor if the Summary Annual Report can be posted on their company's bulletin board. I would think not. It is my understanding that each participant must be given a "hard copy" of the Summary Annual Report. Any thoughts?
pax
Jul 11 2003, 02:28 PM
Can it? Yes. Is that sufficient? No.
See DOL Reg.
http://www.dol.gov/dol/allcfr/ebsa/Title_2...520.104b-10.htm"...to each participant..."
Katherine
Jul 11 2003, 03:10 PM
Electronic bulletin board? The regulations on electronic communications apply to SARs. If all employees use and have access to a computer as part of their job duties, then electronic delivery may work. But you can't use a kiosk for that purpose. For employees who don't have a computer and for former employees, you have to meet the notice and consent requirements. And you still have to make paper available upon request.