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MEMORANDUM To: Board of Directors Through: John W. Grant, General Manager From: Karla Olive Date: November 12, 2014, Subject: 5 a. i. Restatement of Section 125 Cafeteria Plan Purpose: Restatement
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5 a i restatement refers to the restatement of Form 5500, which is required for certain pension plans.
Plan administrators and sponsors of certain pension plans are required to file 5 a i restatements.
To fill out 5 a i restatement, plan administrators and sponsors must provide detailed information about the pension plan and its financials.
The purpose of 5 a i restatement is to provide the Department of Labor with accurate and up-to-date information about pension plans.
On 5 a i restatement, information about the plan's assets, liabilities, contributions, and participants must be reported.
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