Retirement plan participants receive multiple communications from their plans. Some disclosures are sent automatically, such as each year, every quarter, or when joining a plan. Other disclosures are sent when “triggering” events occur, such as termination of employment or divorce. Other plan documents and reports are only available upon request. Beneficiaries, such as spouses, can generally receive disclosure documents upon written request.
Disclosures or notices that require a decision or some action from you must be sent sufficiently in advance for you to make an informed decision and notify the plan administrator of your decision.