Disclosures & Rights to Information

Disclosures & Rights to Information

What retirement plan information do you have a right to receive?

Federal law requires private retirement plans to give certain information to all plan members so they can learn about the rules of their retirement plan, the benefits they have earned, and their rights and obligations under their plans. Documents and notices that include this information are called disclosures. Disclosures must be written in a manner easily understood by an average participant. Disclosures must be delivered in a timely manner and by a method that ensures actual receipt.

It is important to keep plan disclosures for your records in case you later need them to understand your benefits or to prove your right to retirement benefits. It is also important to review disclosures when you receive them to be sure that the plan administrator has your correct information, such as your address.

What kinds of information do plan disclosures contain?
What plans must provide disclosures?
When will I receive disclosures from my retirement plan?
Why are disclosures important?
There is a lot of controversy about disclosures. 

Disclosures & Rights to Information Highlights:

Fact Sheets and Issue Papers
07/21/20

Disclosures you may receive from your retirement plan

Fact Sheets and Issue Papers
07/24/20

The Labor Department’s Notice-and-Access Disclosure Rule: The Basics

Fact Sheets and Issue Papers
07/24/20

The Top 10 Worst Things about the Department of Labor’s New “Notice-and-Access” Rule for Retirement Plans

The Latest on Disclosures & Rights to Information:

Comments & Letters
08/11/22

PRC Recommendations to IRS on Agenda Items for the 2022-2023 IRS Priority Guidance Plan

The  Pension Rights Center submitted comments to  the  IRS requesting the  agency  to include in  its Priority Guidance Plan several items to  better  protect consumers,  including: (a)  directing  plans to provide  former employees  who leave before retirement  with  a single  complete  statement  of  their earned benefits ; (b) asking the agency to rethink its position on allowing plans […]

Blogs & Newsletters
10/15/21

Watch Out for 401(k) Fees

By Jane Smith The Pension Rights Center has long warned consumers to be aware of the fees charged by 401(k) plans. That message was reinforced by syndicated columnist Michelle Singletary in her article “Your 401(k) is pocketing fees on your investment. Many people don’t realize it.” Singletary told her readers “It’s important that you understand that the […]

PRC In the News
07/02/21|SHRM

IRS Again Extends Remote Witnessing for Retirement Plan Changes

The IRS has extended through June 30, 2022, remote notarization relief that gives retirement plans greater flexibility for participant elections that require a witness, such as 401(k) loan applications and spousal consent to changes in the distribution of survivor’s pension benefits.

Comments & Letters
03/08/21

Letter to the Employee Benefits Security Administration about the Department of Labor’s Notice and Access Rule

PRC signed on to a letter, with several other organizations, sent to the Employee Benefits Security Administration (EBSA) to urge the Department of Labor (DOL) to undertake a rulemaking to address the severe shortcomings in the Department’s recently adopted “Notice-and-Access” rule and to ensure adequate protections for workers and retirees regarding retirement plan disclosures.

Comments & Letters
01/11/21

Pension Rights Center responds to the SPARK Institute’s request for Guidance on Electronic Delivery Standards

The Pension Rights Center responded to a letter from the SPARK Institute requesting Guidance on Electronic Delivery Standards.  Read the full letter here.

PRC In the News
10/19/20|Pensions & Investments

Few powering up with electronic disclosure

When the Department of Labor finalized a rule in May that permitted default electronic delivery of retirement plan disclosures, record keepers and plan sponsors welcomed the move by saying it will increase participant engagement and cut mailing costs.

Not sure where to start but have questions?

Click here >

Sign up to receive updates from us:

Do you want to stay up to date on the latest retirement news and recent happenings at PRC?

Sign up to receive emails from us:

Click here >

Support the Pension Rights Center:

In today’s challenging pension environment, our work is more important than ever. Your contribution will help make it possible for the Center to continue its crucial role as a national consumer organization committed to protecting and promoting retirement security.

Donate >