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Do the enhanced Summary Annual Report (SAR) disclosure requirements apply even if 95% of the plans assets are “qualifying plan assets?”

annual report disclosure Enhanced Plan requirements SAR summary
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Do the enhanced Summary Annual Report (SAR) disclosure requirements apply even if 95% of the plans assets are “qualifying plan assets?”

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Yes. Even if 95% of the plan’s assets are qualifying plan assets, to be eligible for the audit waiver, the SAR must include the required information on the regulated financial institutions holding or issuing the plan’s qualifying plan assets.

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