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29 C.F.R. § 2520.104b-10

Summary Annual Report.
eCFR editorial change effective 2023-04-25 · current · last amended by 88 FR 11812, Feb. 24, 2023
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(a) Obligation to furnish. Except as otherwise provided in paragraph (g) of this section, the administrator of any employee benefit plan shall furnish annually to each participant of such plan and to each beneficiary receiving benefits under such plan (other than beneficiaries under a welfare plan) a summary annual report conforming to the requirements of this section. Such furnishing of the summary annual report shall take place in accordance with the requirements of § 2520.104b-1 of this part.
(b) [Reserved]
(c) When to furnish. Except as otherwise provided in this paragraph (c), the summary annual report required by paragraph (a) of this section shall be furnished within nine months after the close of the plan year.
(1) In the case of a welfare plan described in § 2520.104-43 of this part, such furnishing shall take place within 9 months after the close of the fiscal year of the trust or other entity which files the annual report under § 2520.104a-6 of this part.
(2) When an extension of time in which to file an annual report has been granted by the Internal Revenue Service, such furnishing shall take place within 2 months after the close of the period for which the extension was granted.
(d) Contents, style and format. Except as otherwise provided in this paragraph (d), the summary annual report furnished to participants and beneficiaries of an employee pension benefit plan pursuant to this section shall consist of a completed copy of the form prescribed in paragraph (d)(3) of this section, and the summary annual report furnished to participants and beneficiaries of an employee welfare benefit plan pursuant to this section shall consist of a completed copy of the form prescribed in paragraph (d)(4) of this section. The information used to complete the form shall be based upon information contained in the most recent annual report of the plan which is required to be filed in accordance with section 104(a)(1) of the Act.
(1) Any portion of the forms set forth in this paragraph (d) which is not applicable to the plan to which the summary annual report relates, or which would require information which is not required to be reported on the annual report of that plan, may be omitted.
(2) Where the plan administrator determines that additional explanation of any information furnished pursuant to this paragraph (d) is necessary to fairly summarize the annual report, such explanation shall be set forth following the completed form required by this paragraph (d) and shall be headed, “Additional Explanation.”
(3) Form for Summary Annual Report Relating to Pension Plans.
Summary Annual Report for (Name of Plan)

This is a summary of the annual report [insert as applicable either Form 5500 Annual Return/Report of Employee Benefit Plan or Form 5500-SF Annual Return/Report of Small Employee Benefit Plan] of [insert name of plan and EIN/PN] for [insert period covered by this report]. The [insert as applicable either Form 5500 or Form 5500-SF] annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA). Your plan is a [insert a brief description of the plan based on the plan characteristic codes listed for the plan on the Form 5500, including whether it is a defined contribution or defined benefit plan, and whether the plan is a pooled employer plan, another type of multiple-employer plan or a single-employer plan].

[If the plan is participating in a DCG reporting arrangement]:

Your plan participates in an annual reporting arrangement that files a consolidated Form 5500 Annual Report for all the separate plans in the arrangement. This summary includes aggregate information on all the participating plans from the consolidated Form 5500. The consolidated Form 5500 also includes a separate schedule (Schedule DCG) that provides specific plan level information for each individual plan, as well as an accountant's report regarding your individual plan, unless the plan is eligible for a small plan audit waiver under Department of Labor regulations. As noted below regarding your rights to additional information, you have a right to receive a copy of the Schedule DCG relating to your plan on request from the plan administrator.

Basic Financial Statement

Benefits under the plan are provided by (indicate funding arrangements). Plan expenses were ($ ). These expenses included ($ ) in administrative expenses and ($ ) in benefits paid to participants and beneficiaries, and ($ ) in other expenses. A total of ( ) persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

[If the plan is funded other than solely by allocated insurance contracts:]

The value of plan assets, after subtracting liabilities of the plan, was ($ ) as of (the end of the plan year), compared to ($ ) as of (the beginning of the plan year). During the plan year the plan experienced an (increase) (decrease) in its net assets of ($ ) This (increase) (decrease) includes unrealized appreciation or depreciation in the value of plan assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of ($ ), including employer contributions of ($ ), employee contributions of ($ ), (gains) (losses) of ($ ), from the sale of assets, and earnings from investments of ($ ).

[If any funds are used to purchase allocated insurance contracts:]

The plan has (a) contract(s) with (name of insurance carrier(s)) which allocate(s) funds toward (state whether individual policies, group deferred annuities or other). The total premiums paid for the plan year ending (date) were ($ ).Minimum Funding Standards

[If the plan is a defined benefit plan:]

An actuary's statement shows that (enough money was contributed to the plan to keep it funded in accordance with the minimum funding standards of ERISA) (not enough money was contributed to the plan to keep it funded in accordance with the minimum funding standards of ERISA. The amount of the deficit was $ ).

[If the plan is a defined contribution plan covered by funding requirements:]

(Enough money was contributed to the plan to keep it funded in accordance with the minimum funding standards of ERISA) (Not enough money was contributed to the plan to keep it funded in accordance with the minimum funding standards of ERISA. The amount of the deficit was $ ).
Your Rights to Additional Information

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report: [Note—list only those items which are actually included in the latest annual report]

1. an accountant's report;

2. financial information and information on payments to service providers;

3. assets held for investment;

4. fiduciary information, including non-exempt transactions between the plan and parties-in-interest (that is, persons who have certain relationships with the plan);

5. loans or other obligations in default or classified as uncollectible;

6. leases in default or classified as uncollectible;

7. transactions in excess of 5 percent of the plan assets;

8. insurance information including sales commissions paid by insurance carriers;

9. information regarding any common or collective trusts, pooled separate accounts, master trusts or 103-12 investment entities in which the plan participates, and

10. actuarial information regarding the funding of the plan.

11. a Schedule DCG for plans participating in a consolidated group Form 5500 filing that includes your plan sponsor's name, EIN, plan administrator's name, EIN and telephone number, total number of participants in your plan, and basic financial information about the plan.)

12. a Schedule MEP, including name and EIN of the employers participating in the MEP, each participating employer's percentage of the total contributions (employer and employee) made by all employers participating in the MEP and, for defined contribution pension plans only, the aggregate account balance for each of the employers participating in the MEP.)

To obtain a copy of the full annual report, or any part thereof, write or call the office of (name), who is (state title: e.g., the plan administrator), (business address and telephone number). The charge to cover copying costs will be ($ ) for the full annual report, or

($ ) per page for any part thereof.

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the report because these portions are furnished without charge.

You also have the legally protected right to examine the annual report at the main office of the plan ( address ), (at any other location where the report is available for examination), and at the U.S. Department of Labor in Washington, DC, or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue NW, Washington, DC 20210. The annual report is also available online at the Department of Labor website www.efast.dol.gov.

(4) Form for Summary Annual Report Relating to Welfare Plans.
Summary Annual Report for (name of plan)

This is a summary of the annual report of the (name of plan, EIN and type of welfare plan) for (period covered by this report). The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

[If any benefits under the plan are provided on an uninsured basis:]

(Name of sponsor) has committed itself to pay (all, certain) (state type of) claims incurred under the terms of the plan.

[If any of the funds are used to purchase insurance contracts:]

Insurance Information

The plan has (a) contract(s) with (name of insurance carrier(s)) to pay (all, certain) (state type of) claims incurred under the terms of the plan. The total premiums paid for the plan year ending (date) were ($__________).

[If applicable add:]

Because (it is a) (they are) so called “experience-rated” contract(s), the premium costs are affected by, among other things, the number and size of claims. Of the total insurance premiums paid for the plan year ending (date), the premiums paid under such “experience-rated” contract(s) were ($ ) and the total of all benefit claims paid under the(se) experience-rated contract(s) during the plan year was ($ ).

[If any funds of the plan are held in trust or in a separately maintained fund:]

Basic financial statement

The value of plan assets, after subtracting liabilities of the plan, was ($ ) as of (the end of plan year), compared to ($ ) as of (the beginning of the plan year). During the plan year the plan experienced an (increase) (decrease) in its net assets of

($ ). This (increase) (decrease) includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. During the plan year, the plan had total income of ($ ) including employer contributions of ($ ), employee contributions of ($ ), realized (gains) (losses) of ($ ) from the sale of assets, and earnings from investments of ($ ). Plan expenses were ($ ). These expenses included ($ ) in administrative expenses, ($ ) in benefits paid to participants and beneficiaries, and ($ ) in other expenses.

Your Rights to Additional Information

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report: [Note—list only those items which are actually included in the latest annual report].

1. an accountant's report;

2. financial information and information on payments to service providers;

3. assets held for investment;

4. fiduciary information, including non-exempt transactions between the plan and parties-in-interest (that is, persons who have certain relationships with the plan);

5. loans or other obligations in default or classified as uncollectible;

6. leases in default or classified as uncollectible;

7. transactions in excess of 5 percent of the plan assets;

8. insurance information including sales commissions paid by insurance carriers; and

9. information regarding any common or collective trusts, pooled separate accounts, master trusts or 103-12 investment entities in which the plan participates.

To obtain a copy of the full annual report, or any part thereof, write or call the office of (name), who is (state title: e.g., the plan administrator), (business address and telephone number). The charge to cover copying costs will be ($ ) for the full annual report, or ($ ) per page for any part thereof.

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the report because these portions are furnished without charge.

You also have the legally protected right to examine the annual report at the main office of the plan (address), (at any other location where the report is available for examination), and at the U.S. Department of Labor in Washington, D.C. or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.

(e) Foreign languages. In the case of either—
(1) A plan which covers fewer than 100 participants at the beginning of a plan year in which 25 percent or more of all plan participants are literate only in the same non-English language; or
(2) A plan which covers 100 or more participants in which 500 or more participants or 10 percent or more of all plan participants, whichever is less, are literate only in the same non-English language—
The plan administrator for such plan shall provide these participants with an English-language summary annual report which prominently displays a notice, in the non-English language common to these participants, offering them assistance. The assistance provided need not involve written materials, but shall be given in the non-English language common to these participants. The notice offering assistance shall clearly set forth any procedures participants must follow to obtain such assistance.
(f) Furnishing of additional documents to participants and beneficiaries. A plan administrator shall promptly comply with any request by a participant or beneficiary for additional documents made in accordance with the procedures or rights described in paragraph (d) of this section.
(g) Exemptions. Notwithstanding the provisions of this section, a summary annual report is not required to be furnished with respect to the following:
(1) A totally unfunded welfare plan described in 29 CFR 2520.104-44(b)(1)(i);
(2) A welfare plan which meets the requirements of 29 CFR 2520.104-20(b);
(3) An apprenticeship or other training plan which meets the requirements of 29 CFR 2520.104-22;
(4) A pension plan for selected employees which meets the requirements of 29 CFR 2520.104-23;
(5) A welfare plan for selected employees which meets the requirements of 29 CFR 2520.104-24;
(6) A day care center referred to in 29 CFR 2520.104-25;
(7) A dues financed welfare plan which meets the requirements of 29 CFR 2520.104-26;
(8) A dues financed pension plan which meets the requirements of 29 CFR 2520.104-27; and
(9) A plan to which title IV of the Act applies.

Table 1 to § 2520.104b-10—The Summary Annual Report (SAR) Under ERISA: A Cross-Reference to the Annual Report
SAR item Form 5500 large plan
filer line items		 Form 5500 small plan
filer line items		 Form 5500-SF filer line items
A. Pension Plan:
1. Funding arrangement Form 5500-9a Same Not applicable.
2. Total plan expenses Sch. H-2j Sch. I-2j Line 8h.
3. Administrative expenses Sch. H-2i(5) Sch. I-2h Line 8f.
4. Benefits paid Sch. H-2e(4) Sch. I-2e Line 8d.
5. Other expenses Sch. H—Subtract the sum of 2e(4) & 2i(5) from 2j Sch. I-2i Line 8g.
6. Total participants Form 5500-6f Same Line 5b.
7. Value of plan assets (net):
a. End of plan year Sch. H-1l [Col. (b)] Sch. I-1c [Col. (b)] Line 7c [Col. (b)].
b. Beginning of plan year Sch. H-1l [Col. (a)] Sch. I-1c [Col. (a)] Line 7c [Col. (a)].
8. Change in net assets Sch. H—Subtract 1l [Col. (a)] from 1l [Col. (b)] Sch. I—Subtract 1c [Col. (a) from Col. (b)] Line 7c—Subtract Col. (a) from Col. (b).
9. Total income Sch. H-2d Sch. I-2d Line 8c.
a. Employer contributions Sch. H-2a(1)(A) & 2a(2) if applicable Sch. I-2a(1) & 2b if applicable Line 8a(1) if applicable.
b. Employee contributions Sch. H-2a(1)(B) & 2a(2) if applicable Sch. I-2a(2) & 2b if applicable Line 8a(2) & 8a(3) if applicable.
c. Participating employer's percentage of the total contributions (employer and employee) made by all employers participating in a MEP Sch. MEP Line 2c Sch. MEP Line 2c Not applicable.
d. Aggregate account balance of the employer participating in a defined contribution MEP (determined as the sum of the account balances of the employees of such employer (including the beneficiaries of such employees) Sch. MEP Line 2d Sch. MEP Line 2d Not applicable.
e. Gains (losses) from sale of assets Sch. H-2b(4)(C) Not applicable Not applicable.
f. Earnings from investments Sch. H—Subtract the sum of 2a(3), 2b(4)(C) and 2c from 2d Sch. I-2c Line 8b.
11. Total insurance premiums Total of all Schs. A-6b Total of all Schs. A-6b Not applicable.
12. Unpaid minimum required contribution (S-E plans) or Funding deficiency (ME plans):
a. S-E Defined benefit plans Sch. SB-39 Same Same.
b. ME Defined benefit plans Sch. MB-10 Same Not applicable.
c. Defined contribution plans Sch. R-6c, if more than zero Same Line 12d.
13. Individual plan information for plans participating in a DCG reporting arrangement Schedule DCG Not applicable Not applicable.
B. Welfare Plan:
1. Name of insurance carrier All Schs. A-1(a) Same Not applicable.
2. Total (experience rated and non-experienced rated) insurance premiums All Schs. A—Sum of 9a(1) and 10a Same Not applicable.
3. Experience rated premiums All Schs. A-9a(1) Same Not applicable.
4. Experience rated claims All Schs. A-9b(4) Same Not applicable.
5. Value of plan assets (net):
a. End of plan year Sch. H-1l [Col. (b)] Sch. I-1c [Col. (b)] Line 7c [Col. (b)].
b. Beginning of plan year Sch. H-1l [Col. (a)] Sch. I-1c [Col. (a)] Line 7c [Col. (a)].
6. Change in net assets Sch. H—Subtract 1l [Col. (a)] from 1l [Col. (b)] Sch. I—Subtract 1c [Col. (a)] from 1c [Col. (b)] Line 7c—Subtract [Col. (a)] from 7c [Col. (b)].
7. Total income Sch. H-2d Sch. I-2d Line 8c.
a. Employer contributions Sch. H-2a(1)(A) & 2a(2) if applicable Sch. I-2a(1) & 2b if applicable Line 8a(1) if applicable.
b. Employee contributions Sch. H-2a(1)(B) & 2a(2) if applicable Sch. I-2a(2) & 2b if applicable Line 8a(2) if applicable.
c. Gains (losses) from sale of assets Sch. H-2b(4)(C) Not applicable Not applicable.
d. Earnings from investments Sch. H—Subtract the sum of 2a(3), 2b(4)(C) and 2c from 2d Sch. I-2c Line 8b.
8. Total plan expenses Sch. H-2j Sch. I-2j Line 8h.
9. Administrative expenses Sch. H-2i(5) Sch. I-2h Line 8f.
10. Benefits paid Sch. H-2e(4) Sch. I-2e Line 8d.
11. Other expenses Sch. H—Subtract the sum of 2e(4) & 2i(5) from 2j Sch. I-2i Line 8g.
Source credit, amendments & notes

[44 FR 19403, Apr. 3, 1979, as amended at 44 FR 31640, June 1, 1979; 47 FR 31873, July 23, 1982; 54 FR 8629, Mar. 1, 1989; 65 FR 21085, Apr. 19, 2000; 65 FR 35568, June 5, 2000; 68 FR 16400, Apr. 3, 2003; 72 FR 64729, Nov. 16, 2007; 80 FR 5663, Feb. 2, 2015; 88 FR 11812, Feb. 24, 2023]

29 C.F.R. § 2520.104b-10 — Summary Annual Report. · eCFR editorial change effective 2023-04-25 · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-2520.104b-10 · printed Oct 16, 2026
On this page
  • (a) Obligation to furnish.
  • (b) (b) [Reserved]
  • (c) When to furnish.
  • (d) Contents, style and format.
  • (e) Foreign languages.
  • (f) Furnishing of additional documents to participants and bene…
  • (g) Exemptions.
Implements
ERISA § 104 (29 U.S.C. § 1024) Filing with Secretary and furnishing information to participants and certain employers
Cited by (code & regs)
Glossary
SAR
Summary annual report.
MEP
Multiple employer plan.
Guidance addressing this section

No documents are primarily about this section.

Also cited in 16 other documents
Department of Labor (EBSA)
Proposed Rules
  • 91 FR 46602Proposed Jul 23, 2026 — Electronic Disclosure by Group Health Plans Under ERISA Comments due Sep 21, 2026
  • 91 FR 9213Proposed Feb 25, 2026 — Requirement To Provide Paper Statements in Certain Cases-Amendments to Electronic Disclosure Safe Harbors Comments due Apr 27, 2026
  • 91 FR 4348Proposed Jan 30, 2026 — Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure Comments due Mar 31, 2026
  • 86 FR 51488Proposed Sep 15, 2021 — Proposed Revision of Annual Information Return/Reports Comments due Nov 1, 2021
  • 86 FR 51284Proposed Sep 15, 2021 — Annual Reporting and Disclosure Comments due Nov 1, 2021
  • 84 FR 56894Proposed Oct 23, 2019 — Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA Comments due Nov 22, 2019
  • 81 FR 47534Proposed Jul 21, 2016 — Proposed Revision of Annual Information Return/Reports Comments due Oct 4, 2016
  • 81 FR 47496Proposed Jul 21, 2016 — Annual Reporting and Disclosure Comments due Oct 4, 2016 (d)(3)
  • 76 FR 76222Proposed Dec 6, 2011 — Filings Required of Multiple Employer Welfare Arrangements and Certain Other Related Entities Comments due Mar 5, 2012
  • 75 FR 70625Proposed Nov 18, 2010 — Annual Funding Notice for Defined Benefit Plans Comments due Jan 18, 2011
Final Rules
  • 88 FR 11793 Feb 24, 2023 — Annual Reporting and Disclosure
  • 85 FR 31884 May 27, 2020 — Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA
  • 80 FR 5626 Feb 2, 2015 — Annual Funding Notice for Defined Benefit Plans
PBGC
Final Rules
  • 80 FR 35220 Jun 19, 2015 — Partitions of Eligible Multiemployer Plans (e)
IRS / Treasury
Revenue Procedures
  • Rev. Proc. 2004-44 Aug 2, 2004 — Minimum funding standards; amortization; extensions. This procedure sets forth guidelines for requesting extensions of the amortization period of the minimum f…
  • Rev. Proc. 2004-15 Feb 17, 2004 — Minimum funding standards; waivers; notice. This procedure sets forth guidelines for requesting waivers of the minimum funding standards with respect to define…

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Jul 1, 1997Jun 30, 2000CFR 1999 annual edition (revised as of 1999-07-01) run 12754 FR 8629, Mar. 1, 1989View
Jul 1, 2000Jun 30, 2002CFR 2001 annual edition (revised as of 2001-07-01) run 127View · Redline (sign in)
Jul 1, 2002Jun 30, 2003CFR 2002 annual edition (revised as of 2002-07-01) run 12765 FR 35568, June 5, 2000View · Redline (sign in)
Jul 1, 2003Jun 30, 2008CFR 2007 annual edition (revised as of 2007-07-01) run 12768 FR 16400, Apr. 3, 2003View · Redline (sign in)
Jul 1, 2008Jun 30, 2015CFR 2014 annual edition (revised as of 2014-07-01) run 12772 FR 64729, Nov. 16, 2007View · Redline (sign in)
Jul 1, 2015Dec 31, 2016CFR 2016 annual edition (revised as of 2016-07-01) run 12780 FR 5663, Feb. 2, 2015View · Redline (sign in)
Jan 1, 2017Aug 18, 2019eCFR editorial change effective 2017-01-01 run 2680 FR 5663, Feb. 2, 2015View · Redline (sign in)
Aug 19, 2019Feb 23, 2023eCFR editorial change effective 2019-08-19 run 2680 FR 5663, Feb. 2, 2015View · Redline (sign in)
Feb 24, 2023Apr 24, 2023eCFR editorial change effective 2023-02-24 run 2680 FR 5663, Feb. 2, 2015View · Redline (sign in)
Apr 25, 2023currenteCFR editorial change effective 2023-04-25 run 288 FR 11812, Feb. 24, 2023View · Redline (sign in)
Provision-level history (blame)