Summary Annual Report

[Guest hitt24]

What distribution methods are available for distributing an annual SAR? Is posting it to the lunchroom bulletin board enough?

[maverick]

I think it used to be acceptable to "deliver" a SAR by posting it on the company bulletin board, but not any more. Corbel's 5500 Filing Guide (2003 plan years), page XIX-10 says:

"A plan administrator may use any of the following methods to distribute the SAR:

1) hand delivery

2) as a special insert to a periodical distributed to employees (e.g., a company or union newsletter), if the number of participants to whom the periodical is delivered is comprehensive and the periodical includes a prominent notice on the first page advising employees of the special insert

3) electronic media (e.g., email)

4) mail (first, second, or third class)...

The plan administrator may not distribute the SAR by posting the SAR."