4155 / What information must be included in the “general disclosures” section of a 404(a)(5) disclosure?

On or before the date that a plan participant or beneficiary can first direct their investments, and annually thereafter, the plan administrator must provide them with “General Disclosures” describing:

(1) an explanation of the circumstances under which participants and beneficiaries may give investment instructions;

(2) an explanation of any specified limitations on such instructions under the terms of the plan, including any restrictions on transfer to or from a designated investment alternative;

(3) a description of or reference to plan provisions relating to the exercise of voting, tender, and similar rights appurtenant to an investment in a designated investment alternative as well as any restrictions on such rights;