Federal · Title 29 — Labor

29 U.S.C. § 1030a: Eliminating unnecessary plan requirements related to unenrolled participants

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an annual reminder notice of such participant’s eligibility to participate in such plan and any applicable election deadlines under the plan; and any document requested by such participant that the participant would be entitled to receive notwithstanding this section. is eligible to participate in an individual account plan; the summary plan description pursuant to section 1024(b) of this title , and any other notices related to eligibility under the plan required to be furnished under this subchapter, or the Internal Revenue Code of 1986, in connection with such participant’s initial eligibility to participate in such plan; is not participating in such plan; and satisfies such other criteria as the Secretary of Labor may determine appropriate, as prescribed in guidance issued in consultation with the Secretary of Treasury. is furnished in connection with the annual open season election period with respect to the plan or, if there is no such period, is furnished within a reasonable period prior to the beginning of each plan year; the unenrolled participant’s eligibility to participate in the plan; and the key benefits and rights under the plan, with a focus on employer contributions and vesting provisions; and provides such information in a prominent manner calculated to be understood by the average participant.

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