Is my employer required to send me a notice each year that tells me how much I am vested in my defined contribution plan benefit?
If so:
1. When is that notice required to be sent?
2. What is that notice called?
3. Is there any guidance on what that notice must provide?
4. Lastly, is it okay for my employer to send me a "generic" notice that just describes the general vesting provisions of our plan? Or are they required to send a notice customized to my particular situation?
Thank you.