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EP Examination Process Guide - Section 9 - Participant Rights - Participant Events

Explanation of participant events, what notices participants should receive based upon these participant events and when these notices should be issued.

  1. When an Employee is Eligible to Enter the Plan
    There are several documents that should be provided, depending on the type of retirement plan and when the eligibility requirements are met.

  2. Annual Benefits Statement
    When an Annual Benefits Statement should be provided and what the statement must contain.

  3. QJSA and QPSA Notices
    When  Qualified Joint and Survivor and Qualified Pre-Retirement Survivor Annuity notices should be provided and what the notices must contain.

  4. Distributions
    If a participant is to receive a distribution, the plan must provide the participant with a notice explaining the rollover rules. If the distribution is an eligible rollover distribution, the participant must receive an IRC section 402(f) notice.

  5. When a Participant Stops Working
    When a participant stops working, the participant should receive information regarding benefits. This information will vary depending on the type of retirement plan, the reason the participant has ceased working (retired or quit), and the participant’s age.

  6. Reemployment After Military Service or Maternity/Paternity Leave
    If an employee is reemployed after military service or incurring a maternity or paternity period of absence, certain rules apply.

  7. If a Participant Requests a Loan
    There are several documents that the participant should receive to satisfy the loan requirements.

  8. If a Participant Requests a Hardship Withdrawal
    There are some documents that are required to satisfy the hardship withdrawal requirements.

  9. Suspension of Benefits Notice
    If a participant works after their normal retirement date and benefits they are receiving are suspended, the participant should receive a suspension of benefits notice.

  10. If a Participant Becomes Disabled
    Some plans provide for disability benefits. In some plans, a disabled participant may be required to wait until early or normal retirement to begin to receive benefits. In order to receive benefits based on disability, the participant must apply for them.

  11. When a Participant Must Take Their Money
    Must a participant who has attained age 70 ½ take their money?

  12. U.S. Tax Court (Court) Orders That May Affect Benefits
    There are certain court orders that divide a participant’s benefit between the participant and an alternate payee.
Page Last Reviewed or Updated: 26-Nov-2013