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CBIZ does not provide legal advice. By providing this sample document to the Employer, CBIZ is not providing the Employer with legal
advice and CBIZ strongly recommends that the Employer seek legal advice on its particular situation.
A description of the rights and procedures for directing investments in the plan, along with any limitation on
those rights.
A description of any transaction fees or expenses charged to the participant for purchases or sales
(commissions, sales loads, etc.).
The identity and contact information for the fiduciary responsible for providing participants Section 404(c)
information “on request”.
For mutual funds in which the participant invests for the first time, a copy of the prospectus provided to the
plan (may be provided before or immediately after the investment).
If pass-through voting or similar rights are provided to participants, any materials provided to the plan
regarding those rights.
Information and Disclosure Requirements (Required to be provided only on request)
A description of the annual operating expenses of each investment alternative and the aggregate amount of
these expenses, expressed as a percentage of average net assets.
Copies of any prospectuses, financial statements, reports, and other materials about the investment
alternative provided to the plan.
If the fund is not a mutual fund, a list of assets making up the investment alternative’s portfolio.
Information concerning the value of shares or units in the investment alternatives, as well as past and
current investment performance.
Information concerning the value of shares or units held in a participant’s individual account.
If company stock is offered, the following requirements must be satisfied:
The company stock is publicly traded.
The company stock is traded with sufficient frequency and volume so participants’ instructions to buy or sell
can be executed promptly.
Participants are provided information given to shareholders of company stock generally.
Voting, tendering, and similar rights are passed through to participants.
The plan designates a fiduciary to ensure information regarding the purchase, sale, and holding of company
stock, and the exercise of voting, tendering, and similar rights is maintained with procedures to keep it
confidential.
An independent fiduciary is appointed to address any situations where the fiduciary responsible for
confidentiality determines there is a potential for undue influence on a participant’s decision to vote or
tender shares.
If company stock is an investment fund, a description of the procedures established to protect the
confidentiality of information regarding participants’ purchase, sale, holding, voting, or tendering of
company stock, as well as contact information for the fiduciary responsible for monitoring those procedures.
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