Welfare And Pension Plans Disclosure Act

Definition of "Welfare and pension plans disclosure act"

Nora  Sienra
  Chateaux Realty

Federal law that requires administrators of pension plans with more than 25 participants to file a plan description with the U.S. Department of Labor. A plan description includes schedules of benefits, type of administration, and copies of the plan. If the plan has more than 100 participants, the administrator must also file an annual financial report. This information must be made available to plan participants upon request, and the person responsible for handling the funds must be bonded.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ