Deadline for GUST SPD

[Lynn Campbell]

Plan was amended for GUST effective April 1, 2003, with a March 31 Plan Year end. What is deadline for SPD to be given out? Thanks!

[mming]

For employees who were already in the plan it would seem that the restatement can be treated as a summary of material modifications and can be distributed up to 210 days after the close of the plan year in which it was adopted per DOL Reg. 2520.104b-3. For participants who come in afterwards, the old SPD requirement of no later than 90 days after becoming a particant would apply.