Plan Disclosure Statement

A Plan Disclosure Statement is a document provided to potential investors or participants in a benefit plan, like a retirement or health plan. It outlines key information about the plan, including its features, risks, costs, and the rights and responsibilities of participants. The purpose of this statement is to ensure that individuals have clear, accessible information to understand how the plan works and to make informed decisions about their involvement. It acts as a crucial resource for transparency and helps protect the interests of individuals considering joining the plan.