- The information in a summary annual report differs depending on whether the plan is an employee pension benefit plan or an employee welfare benefit plan but can include:
• The total expenses paid by the plan during the year.• The number of participants and beneficiaries in the plan.• Whether benefits are insured and the premiums paid for any insurance.The information in a SAR is based on the information the plan reports on its annual Form 5500.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.