City of Lake Mary MPP Enrollment - Web Book - Ready - Flipbook - Page 7
ADDITIONAL INFORMATION
ERISA Section 404(c)
PLAN HIGHLIGHTS
The City of Lake Mary General Employees Pension Plan is designed to
comply with Section 404(c) of the Employee Retirement Income Security
Act of 1974 (ERISA), as amended. Participants in the Plan manage their own
investment accounts by directing account contributions to one or more of
the investment alternatives provided by the Plan. As a plan participant, you
will be responsible for your own investment directions. Plan fiduciaries may
be relieved of liability for any losses in your account that can be attributed to
decisions made by you or your beneficiary(ies).
City of Lake Mary is the Plan administrator of City of Lake Mary Employees
Pension Plan and is the Plan fiduciary. At your request, you may receive
specific information about the Plan’s investment alternatives, including a
description of annual operating expenses; copies of any prospectuses,
financial statements and reports; and details about the value,
historical performance and portfolio composition of each investment
alternative.
Note: The Plan Highlights section of the booklet is intended to provide an overview of the City
of Lake Mary General Employees Pension Plan. It is not a legal document. For more detailed
information, refer to your Summary Plan Description. If you do not have a copy of this
document, please request one from your human resources representative. If information in this
Plan Highlights booklet or the Summary Plan Description is inconsistent with plan
requirements, the Plan Document shall govern.
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