EP Examination Process Guide - Section 9 - Participant Rights - Participant Events |
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Explanation of participant events, what notices participants should receive based upon these participant events and when these notices should be issued.
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When an Employee is Eligible to Enter the Plan
There are several documents that should be provided, depending on the type of retirement plan and when the eligibility requirements are met.
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Distributions
If a participant is to receive a distribution, the plan must provide the participant with a notice explaining the rollover rules. If the distribution is an eligible rollover distribution, the participant must receive an IRC section 402(f) notice.
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When a Participant Stops Working
When a participant stops working, the participant should receive information regarding benefits. This information will vary depending on the type of retirement plan, the reason the participant has ceased working (retired or quit), and the participant’s age.
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Suspension of Benefits Notice
If a participant works after their normal retirement date and benefits they are receiving are suspended, the participant should receive a suspension of benefits notice.
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If a Participant Becomes Disabled
Some plans provide for disability benefits. In some plans, a disabled participant may be required to wait until early or normal retirement to begin to receive benefits. In order to receive benefits based on disability, the participant must apply for them.
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Page Last Reviewed or Updated: January 08, 2009