HR Alert

Reminder: Summary Annual Reports Due September 30

Model Language Available for Plan Administrators

As a reminder, health plan administrators are generally required to furnish a Summary Annual Report (SAR) to each health plan participant within 9 months after the end of a plan year. As a result, the deadline for most calendar year plans to satisfy the SAR requirement for plan year 2016 is September 30, 2017.

What Must be in an SAR?

An SAR serves as a narrative summary of the group health plan's Form 5500 annual financial report. In general, an SAR furnished prior to September 30 must provide the following information on plan year 2016 (among other things):

  • Name of the insurer
  • Total premiums paid
  • Value of plan assets at the beginning and end of the plan year
  • Amount of plan expenses

Is a Model Notice Available?

While the U.S. Department of Labor has not released a model Summary Annual Report document, federal regulations provide model language. To review this model language, click here and see the section titled "Form for Summary Annual Report Relating to Welfare Plans."

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