The Summary Annual Report (SAR) is a plain-English summary of the tax Form 5500.

You are required to provide all employees and beneficiaries with access to the SAR by September 30th. If your plan filed an extension to the Form 5500, the SAR must be made available to all employees and beneficiaries two months following the extended deadline.

The SAR is prepared and posted by Ubiquity to the:

  • Employer portal under: 401(k) Plan > Documents > Annual Summary Reports and
  • Employee portal under: 401(k) > Documents & Forms > General Resources

to the Employer and Employee portals and can be found in the Documents + Forms section of the 401(k) or 401(k) Plan Settings page. 

Please distribute the SAR to all employees and beneficiaries that do not have Internet access.