summary annual report

Definition

A document that must be distributed to all participants in a retirement plan at the end of the financial year. The summary annual report contains financial and related information about the plan.

Use this term in a sentence

You should make sure that you include everything in the summary annual report so that they can have all the info.

​ Was this Helpful? YES  NO 10 people found this helpful.

The summary annual report was distributed and reviewed by the team who was able to learn significant pieces of information about the company.

​ Was this Helpful? YES  NO 7 people found this helpful.

At the end of every fiscal year, my company sends out a summary annual report to all employees so they will know where their retirement plans stand.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Suitability Rules qualified retirement plan