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Summary of Material Modifications (October 2020)PG&E Benefits Service Center P.O. Box 9920 Providence, RI 029404020This Benefits 2021 brochure is for Management and Administrative & Technical (A&T)
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How to fill out summary of material modifications
How to fill out summary of material modifications
01
Review the existing plan document and identify the changes that have been made since the document was last updated.
02
Create a list of all the modifications that have been made including a description of each modification.
03
Include a statement at the beginning of the summary explaining that it is a summary of material modifications.
04
Provide a clear and concise explanation of each modification and the reason for the change.
05
Include the effective date of the modifications and any other relevant information that plan participants should be aware of.
Who needs summary of material modifications?
01
Plan participants
02
Beneficiaries
03
Employers
04
Plan administrators
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What is summary of material modifications?
Summary of material modifications is a document that explains the changes made to an employee benefit plan.
Who is required to file summary of material modifications?
Employers or plan administrators are required to file summary of material modifications.
How to fill out summary of material modifications?
Summary of material modifications can be filled out by detailing the changes made to the employee benefit plan and providing this information to plan participants.
What is the purpose of summary of material modifications?
The purpose of summary of material modifications is to keep plan participants informed about changes made to their employee benefit plan.
What information must be reported on summary of material modifications?
The information reported on summary of material modifications must include a description of the changes made to the plan and how these changes affect plan participants.
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