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Process Transaction Document Version 5.7 November 2009 For further information please contact Bean stream customer support at (250) 4722326 or support×beanstream.com.BEAN #Page 2 of 89DateBeanstream
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Bean stands for Benefit Equalization and Availability Note. It is a form that provides information about employee benefit plans.
Employers who sponsor employee benefit plans are required to file bean.
Bean can be filled out electronically through the Department of Labor's website or by mailing a paper form.
The purpose of bean is to provide transparency and ensure compliance with regulations regarding employee benefit plans.
Bean requires information about the funding status, investments, and financial activities of employee benefit plans.
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