Benefit Statements and General Notices In This Section: Periodic Pension Benefit Statement > Statement of Accrued and Nonforfeitable Benefits > Disclosure of Plan Fees and Expenses > Section 404(c) Plan Disclosures Document Type of Information Provide To Provided By When Due Periodic Pension Benefit Statement Individual statement which identifies —in terms the average participant can understand—the total benefits and total vested (nonforfeitable) benefits, if any, which have accrued, or the earliest date on which benefits will become nonforfeitable Benefit statements for individual account plans must include the value of each investment and certain other specified information Participants and beneficiaries Plan administrators of all non-exempt¹ defined contribution plans Participant-directed plans: At least quarterly, not later than 45 days following the end of each calendar quarter Non-participant directed plans: At least annually, on or before the date the plan files Form 5500 (but in no event later than the date, including extensions, on which Form 5500 is required to be filed by the plan) for the plan year to which the statement relates Defined benefit plans: At least once every three years Upon request: To beneficiaries who do not receive statements automatically (limited to one request during any 12-month period) Statement of Accrued and Nonforfeitable Benefits Statement of total accrued benefits and total nonforfeitable benefits, if any, which have accrued, or the earliest date on which benefits will become nonforfeitable (must be in the same form, and contain the same information, as the 'Periodic Pension Benefit Statement,' above) Plan participants Plan administrators of all non-exempt defined contribution plans    Note: The employer must furnish the data necessary to make the required reports. Upon termination of service with the employer   Upon request (limited to one request during any 12-month period)   After the participant has a one-year break in service (not more than 1 statement is required for consecutive one-year breaks in service) Disclosure of Plan Fees and Expenses (For calendar year plans, the initial annual disclosure was required to be furnished no later than Aug. 30, 2012. The first quarterly statement was required to be furnished no later than Nov. 14, 2012.) Certain plan- and investment- related information, including costs of investments and quarterly statements of plan fees and expenses deducted from an account   Investment-related information must be provided in a chart or similar format designed to facilitate a comparison of each investment option available under the plan (a model comparative chart is available)   Each participant or beneficiary who has the right to direct the investment of assets held in, or contributed to, an individual account Plan administrators of participant-directed individual account plans (does not apply to certain simplified employee pension plans and simple retirement accounts) On or before the date on which a participant or beneficiary can first direct his or her investments and annually thereafter (statements regarding plan fees and expenses charged to or deducted from individual accounts must be provided quarterly) Note: Under a temporary enforcement policy announced in July 2013, plans are allowed to reschedule the timing for the annual distribution of the investment comparative chart. Plan administrators may reset the deadline one time, for either the 2013 or the 2014 comparative chart, provided certain conditions are met. Notice of certain changes to the information required to be disclosed must be provided at least 30 days, but not more than 90 days, in advance of the effective date of such change   (Certain information must also be furnished upon request.) Section 404(c) Plan Disclosures In addition to information required to be furnished under "Disclosure of Plan Fees and Expenses," above, a plan that intends to constitute a 404(c) plan must provide additional disclosures in order for the plan fiduciaries to be afforded relief from liability for certain losses resulting from a participant or beneficiary  exercising control over account assets Plan participants or beneficiaries, as applicable Plan administrators or other identified plan fiduciaries of participant-directed individual account plans Generally before the time when investment instructions are to be made by a participant or beneficiary   (Certain information must also be furnished upon request.)   ¹The term “non-exempt” in this calendar means those plans that are subject to the reporting and disclosure requirements of Title I of ERISA. In general, ERISA does not apply to plans established or maintained by government entities or churches for their employees, or plans which are maintained solely to comply with workers’ compensation, unemployment, or disability laws. ERISA also does not cover plans maintained outside the United States primarily for the benefit of nonresident aliens or unfunded excess benefit plans.