· Employers who filed a Health and Welfare Form 5500 (“Form 5500”) must distribute the Summary Annual Report (“SAR”) to plan participants within 9 months after the plan year, or 2 months after they file a Form 5500 (if the employer was granted a filing extension). Compliance Snapshot: Employers with calendar year plans must distribute […]
The Summary Annual Report (SAR) is a summary of the IRS Form 5500 that must be distributed to all plan participants. You’ll typically receive a copy of the SAR with your plan Participant Statements. Compliance is mandatory, and penalties for willful noncompliance can include fines in excess of $100,000, imprisonment up to 10 years, or both.
· My computer has been hacked by an organization claiming to be Microsoft and requesting that I contact them immediately or I will be locked out of my computer. The contact number that I must call to avoid a security breach is 1-833-295-0999 and their url is: hxxps:// 34server68errorazurewebsite dot net/blue dot php.
· On May 21, 2020, The U.S. Department of Labor (DOL) announced final rules allowing required 401(k) plan disclosures to be posted online or delivered via email. This new safe harbor rule was much anticipated since prior to the rule required notices could only be delivered electronically if employees satisfied the definition of being “wired at work” (or affirmatively opted to receive notices ...
ANSWER: A SAR is a summary annual report, and its purpose is to summarize for employees the information that appears in an ERISA plan’s Form 5500. (The Form 5500 is known as the “annual report,” which explains the name “summary annual report.”) SARs are required each year for pension plans, including 401(k) plans, and for welfare plans unless an exemption applies.
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· Summary Annual Report Distribution Rules. Administrators of most private sector, employer-sponsored health insurance and benefit plans have a legal obligation to distribute a summary annual report ...
· Check your password if you can't log in. Not being able to log in is typically one of the first signs that your account has been hacked. Double-check your password to make sure you've entered it correctly or try logging in on another device to make sure you've truly lost access. If your computer or an online account has been hacked, the hacker may change the password to something they
· 6 Ways Your Email Account Can Be Hacked Hopefully it will never happen to you. But if you’re unfortunate enough to have your email hacked, you should increase your security ASAP so it doesn’t happen again. Keep reading to learn about the most common ways that email accounts get hacked…
Form 5500 and Summary Annual Report (SAR) U.S. mail via first, second or third class only if return and forwarding postage is guaranteed and address correction is requested. Electronic media (in accordance with electronic distribution guidelines).
Spammers use a variety of methods to send spam, but the use of hacked legitimate user’s email accounts is booming. According to Verizon's 2017 Data Breach Investigations Report, 1 in 131 emails contained malware in 2016, the highest rate in 5 years.In addition, the amount of spam spewing into inboxes globally is at its highest rate since 2015.