SAR Distribution

[oriecat]

This is probably a stupid question, but anywoo... When distributing a SAR for a welfare plan, is it to be distributed to all participants for the year the SAR applies to, or all current participants? (I'm thinking an employee who went on the plan last month will not care about what happened in the plan last year. But then no one cares about SARs anyway....)

[BFree]

I can't find a message from last week asking if SARs are to be given out to former participants who have terminated and been paid out (this from a 401k or pension plan). I don't know if there was a response, but I would appreciate any further guidance on who is a participant for SAR purposes.

Thanks.