ERISA Annual Reports: DOL Seeks Feedback on Rules
Published Date: 3/11/2026
Notice
Summary
The Department of Labor is asking for public feedback on the rules about sending yearly summary reports to employees about their retirement plans. This affects companies that manage employee benefits, making sure workers get clear, easy-to-understand updates about their plan’s health. Comments are open until April 10, 2026, and the goal is to keep info useful without making paperwork a headache.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Private-Sector Paperwork Burden
The Department estimates this information collection affects the private sector with 839,758 respondents and 209,869,516 responses, imposing a total estimated annual time burden of 15,209,906 hours and total annual other costs of $46,945,095. The Department seeks Office of Management and Budget (OMB) authorization for this collection for three (3) years, and written comments are due by April 10, 2026.
Annual Summary Report to Employees
You (as an employee or beneficiary of a private-sector retirement plan) are entitled to receive a Summary Annual Report (SAR) each year. The SAR must follow the regulation's prescribed content, format, and timing and gives current information about the plan's financial operation and condition and explains rights to get more information.
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Key Dates
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