Do SAR's have to be sent to terminated employees?

[Guest Dmoreland]

Do SAR's have to be distributed to terminated employee's? We have a Section 125 Premium Only Plan, Medical and Dependent Care FSA's and a 401(k) Plan.

Can they be distributed electronically?

[Guest Emiliano]

SAR must be furnished to each participant of a plan whether active, terminated, retired or whatever.

Electronic distribution is okay. The Federal Regulations section 2520.104(B)-1 describes the requirements for electronic distribution. You should review this at the DOL/PWBA website if you are considering electronic distribution.