Common use of Disclosure to employees Clause in Contracts

Disclosure to employees. The elements of the Section 125 written plan document must be disclosed to employees. Disclosure is usually made in a booklet distributed to employees referred to as a summary plan description (SPD). In addition, elements may be subject to the reporting and disclosure requirements of ERISA. Under ERISA (and as a matter of common sense) information provided to participants should be “written in a manner calculated to be understood by the average plan participant…” In general, the following information should be provided: • Important plan provisions; • Names and addresses of those responsible for administering the plan; • A description of the benefits and the circumstances that may result in revoking the cash option choice; and, • Procedures to be followed for requesting the revocation of the cash option choice. Disclosure of benefit plan information to employers should be comprehensive. Administrative Information • Name of plan; • Name and address of employer or a representative; • Employer Identification Number; • Type of plan; • Start and end of plan year; • Type of administration, i.e. contract administration, sponsor administration, insurer administration. An explanation is also necessary so that participants understand the administrative structure; • Name and business address, and telephone number of the plan administrator; • Name and address of the designated legal agent; • Statement of legal rights of participants in regard to plan trustees and administrators; • Name, title, and principal place of business of each plan trustee, if any; • A statement of collective bargaining agreement and availability of the written agreement. Depending on the size and complexity of the plan and its administration, much of the material listed above can be consolidated. The information should be easy to update, since names, addresses and phone numbers need to be current. Eligibility and Benefits Information The following are the minimum requirements for eligibility and benefits information: • A description of benefits available under the plan; and, • Requirements for participation and benefits. Loss of Benefits Information This statement serves to inform participants of exceptions to the cash eligibility structure. • Employees must choose the cash option prior to each plan year. • Proof of spousal coverage must be submitted with each request for the cash option.

Disclosure to employees. The elements of the Section 125 written plan document must be disclosed to employees. Disclosure is usually made in a booklet distributed to employees referred to as a summary plan description (SPD). In addition, elements may be subject to the reporting and disclosure requirements of ERISA. Under ERISA (and as a matter of common sense) ), information provided to participants should be “written in a manner calculated to be understood by the average plan participant…...” In general, general the following information should be provided: • Important important plan provisions; , • Names names and addresses of those responsible for administering the plan; , • A a description of the benefits and the circumstances that may result in revoking the cash case option choice; and, and • Procedures procedures to be followed for requesting the revocation of the cash case option choice. Disclosure of benefit plan information to employers employees should be comprehensive. Administrative Information • Name of the plan; . • Name and address of employer or a representative; . • Employer Identification Number; . • Type of plan; . • Start and end of the plan year; . • Type of administration, i.e. i.e., contract administration, sponsor administration, insurer administration. An explanation is also necessary so that participants understand the administrative structure; . • Name and Name, business address, and telephone number of the plan administrator; • Name and address of the designated legal agent; • Statement of legal rights of participants in regard to plan trustees and administrators; • Name, title, and principal place of business of each plan trustee, if any; • A statement of collective bargaining agreement and availability of the written agreement. Depending on the size and complexity of the plan and its administration, much of the material listed above can be consolidated. The information should be easy to update, since names, addresses addresses, and phone numbers need to be current. Eligibility and Benefits Information The following are the minimum requirements for eligibility and benefits information: • A a description of benefits available under the plan; and, • Requirements requirements for participation and benefits. Loss of Benefits Information This statement serves to inform participants of exceptions to the cash eligibility structure. • Employees must choose the cash option prior to each plan year. • Proof of spousal coverage must be submitted with each request for the cash option.

Disclosure to employees. The elements of the Section 125 written plan document must be disclosed to employees. Disclosure is usually made in a booklet distributed to employees referred to as a summary plan description (SPD). In addition, elements may be subject to the reporting and disclosure requirements of ERISA. Under ERISA XXXXX (and as a matter of common sense) information provided to participants should be “"written in a manner calculated to be understood by the average plan participant…” ..." In general, the following information should be provided: • Important plan provisions; , • Names and addresses of those responsible for administering the plan; , • A description of the benefits and the circumstances that may result in revoking the cash option choice; and, • Procedures and procedures to be followed for requesting the revocation of the cash option choice. Disclosure of benefit plan information to employers employees should be comprehensive. Administrative Information • Name of plan; the plan • Name and address of employer or a representative; representative • Employer Identification Number; Number • Type of plan; plan • Start State and end of the plan year; . • Type of administration, i.e. i.e., contract administration, sponsor administration, insurer administration. An explanation is also necessary so that participants understand the administrative structure; . • Name and business address, and telephone number of the plan administrator; . • Name and address of the designated legal agent; . • Statement of legal rights of participants in regard to plan trustees and administrators; . • Name, title, and principal place of business of each plan trustee, if any; any • A statement of collective bargaining agreement and availability of the written agreement. Depending on the size and complexity of the plan and its administration, much of the material listed above can be consolidated. The information should be easy to update, since names, addresses addresses, and phone numbers need to be current. Eligibility and Benefits Information The following are the minimum requirements for eligibility and benefits information: • A description of benefits available under the plan; and, • Requirements for participation and benefits. Loss of Benefits Information , This statement serves to inform participants of exceptions to the cash eligibility structure. • Employees must choose the cash option prior to each plan year. • Proof of spousal coverage must be submitted with each request for the cash option.

Disclosure to employees. The elements of the Section 125 written plan document must be disclosed to employeesemployees . Disclosure is usually made in a booklet distributed to employees referred to as a summary plan description (SPD)) . In addition, elements may be subject to the reporting and disclosure requirements of ERISAERISA . Under ERISA XXXXX (and as a matter of common sense) information provided to participants should be “written in a manner calculated to be understood by the average plan participant…participant ” In general, the following information should be provided: • Important plan provisions; , • Names and addresses of those responsible for administering the plan; , • A description of the benefits and the circumstances that may result in revoking the cash option choice; and, • Procedures and procedures to be followed for requesting the revocation of the cash option choice. choice Disclosure of benefit plan information to employers employees should be comprehensivecomprehensive . Administrative Information • Name of plan; the plan • Name and address of employer or a representative; representative • Employer Identification Number; Number • Type of plan; plan • Start State and end of the plan year; year . • Type of administration, i.e. i .e , contract administration, sponsor administration, insurer administration. administration An explanation is also necessary so that participants understand the administrative structure; structure . • Name and business address, and telephone number of the plan administrator; administrator . • Name and address of the designated legal agent; agent . • Statement of legal rights of participants in regard to plan trustees and administrators; administrators . • Name, title, and principal place of business of each plan trustee, if any; any • A statement of collective bargaining agreement and availability of the written agreementagreement . Depending on the size and complexity of the plan and its administration, much of the material listed above can be consolidatedconsolidated . The information should be easy to update, since names, addresses addresses, and phone numbers need to be currentcurrent . Eligibility and Benefits Information The following are the minimum requirements for eligibility and benefits information: • A description of benefits available under the plan; and, • Requirements for participation and benefits. Loss of Benefits Information , This statement serves to inform participants of exceptions to the cash eligibility structurestructure . • Employees must choose the cash option prior to each plan yearyear . • Proof of spousal coverage must be submitted with each request for the cash optionoption .

Disclosure to employees. The elements of the Section 125 written plan document must be disclosed to employees. Disclosure is usually made in a booklet distributed to employees referred to as a summary plan description (SPD). In addition, elements may be subject to the reporting and disclosure requirements of ERISA. Under ERISA (and as a matter of common sense) information provided to participants should be “written in a manner calculated to be understood by the average plan participant…” In general, the following information should be provided: • Important plan provisions; • Names and addresses of those responsible for administering the plan; • A description of the benefits and the circumstances that may result in revoking the cash option choice; and, • Procedures to be followed for requesting the revocation of the cash option choice. Disclosure of benefit plan information to employers should be comprehensive. Administrative Information • Name of plan; • Name and address of employer or a representative; • Employer Identification Number; • Type of plan; • Start and end of plan year; • Type of administration, i.e. contract administration, sponsor administration, insurer administration. An explanation is also necessary so that participants understand the administrative structure; • Name and business address, and telephone number of the plan administrator; • Name and address of the designated legal agent; • Statement of legal rights of participants in regard to plan trustees and administrators; • Name, title, and principal place of business of each plan trustee, if any; • A statement of collective bargaining agreement and availability of the written agreement. Depending on the size and complexity of the plan and its administration, much of the material listed above can be consolidated. The information should be easy to update, since names, addresses and phone numbers need to be current. Eligibility and Benefits Information The following are the minimum requirements for eligibility and benefits information: • A description of benefits available under the plan; and, • Requirements for participation and benefits. Loss of Benefits Information This statement serves to inform participants of exceptions to the cash eligibility structure. • Employees must choose the cash option prior to each plan year. • Proof of spousal coverage must be submitted with each request for the cash option.

Disclosure to employees. The elements of the Section 125 written plan document must be disclosed to employees. Disclosure is usually made in a booklet distributed to employees referred to as a summary plan description (SPD). In addition, elements may be subject to the reporting and disclosure requirements of ERISA. Under ERISA XXXXX (and as a matter of common sense) information provided to participants should be “written in a manner calculated to be understood by the average plan participant…...” In general, the following information should be provided: • Important plan provisions; , • Names and addresses of those responsible for administering the plan; , • A description of the benefits and the circumstances that may result in revoking the cash option choice; and, • Procedures and procedures to be followed for requesting the revocation of the cash option choice. Disclosure of benefit plan information to employers employees should be comprehensive. Administrative Information • Name of plan; the plan • Name and address of employer or a representative; representative • Employer Identification Number; Number • Type of plan; plan • Start State and end of the plan year; . • Type of administration, i.e. i.e., contract administration, sponsor administration, insurer administration. An explanation is also necessary so that participants understand the administrative structure; . • Name and business address, and telephone number of the plan administrator; . • Name and address of the designated legal agent; . • Statement of legal rights of participants in regard to plan trustees and administrators; . • Name, title, and principal place of business of each plan trustee, if any; any • A statement of collective bargaining agreement and availability of the written agreement. Depending on the size and complexity of the plan and its administration, much of the material listed above can be consolidated. The information should be easy to update, since names, addresses addresses, and phone numbers need to be current. Eligibility and Benefits Information The following are the minimum requirements for eligibility and benefits information: • A description of benefits available under the plan; and, • Requirements for participation and benefits. Loss of Benefits Information , This statement serves to inform participants of exceptions to the cash eligibility structure. • Employees must choose the cash option prior to each plan year. • Proof of spousal coverage must be submitted with each request for the cash option.