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Urgently Needed: Project Manager

mo.marzok
 

For a Company in Heliopolis looking for:
Project Manager for projects operating at different locations across Cairo / 6 October OR 5th settlements

Job Description
- Coordinate all activities on assigned projects
- Responsible for managing all project activities
- Applying management techniques and processes to monitor and control time, cost, quality and scope on projects
- Reduce the project risk to catch the project budget and time target
- Participating and helping in projects initiation and Preparation of projects forms and procedures
- Coordinating with other management functions of the project to ensure that all necessary steps are taken to ensure smooth operation of the project and that the programmed and financial restraints are followed
- Following up projects performance and assisting in improving it
- Responsible for all technical and coordination issues
- Monitoring all incoming correspondence, outgoing correspondence, instructions and the alike from or to the Engineer to ensure compliance with the contract
- Manage the technical team responsible for issuing and reviewing all engineering submittals, materials and technical drawings before submission to ensure compliance with the contract specs and within the program of work
- Giving notices of claim for extension of time and additional costs and preparing such claims
- Participating in the preparation of the variations cost and pricing new items
Job Requirements:

- Bachelor Degree in Civil or Architectural Engineering
- 10 to 15 years of relevant experience, in contracting industry
- Excellent communication skills
- Excellent computer skills


Package: 15000 - 20000 L.E. (Negotiable) + Medical insurance +++
Please send your updated resumes with mentioning in the subject line " Project Manager" to:


mo.marzok@...


Good luck all,
Mohamed Marzok



Curry?

corporate_apologist
 




Tip of the hat to:




Memorial Day Tribute-The Origin of Taps

ronald_mobkas
 

Origin of Taps

From emails dating back to October 2008:

It all began in 1862 during the Civil War, when Union Army Captain Robert Ellicombe was with his men near Harrison's Landing in Virginia. The Confederate Army was on the other side of the narrow strip of land.

During the night, Captain Ellicombe heard the moan of a soldier who lay mortally wounded on the field. Not knowing if it was a Union or Confederate soldier, the captain decided to risk his life and bring the stricken man back for medical attention.

Crawling on his stomach through the gunfire, the captain reached the stricken soldier and began pulling him toward his encampment. When the captain finally reached his own lines, he discovered it was actually a Confederate soldier, but the soldier was dead.

The captain lit a lantern.

Suddenly, he caught his breath and went numb with shock. In the dim light, he saw the face of the soldier. It was his own son. The boy had been studying music in the South when the war broke out. Without telling his father, he had enlisted in the Confederate Army.

The following morning, heartbroken, the father asked permission of his superiors to give his son a full military burial despite his enemy status.

His request was partially granted. The captain had asked if he could have a group of Army band members play a funeral dirge for the son at the funeral.

That request was turned down since the soldier was a Confederate. Out of respect for the father, they did say they could give him only one musician.

The captain chose a bugler. He asked the bugler to play a series of musical notes he had found on a piece of paper in the pocket of his dead son's uniform. This wish was granted. This music was the haunting melody we now know as "Taps" that is used at all military funerals.

Snopes says this story is false.

Read more at

Origins: ? It's hard to feel surprised when a melody as hauntingly beautiful as 'Taps' picks up a legend about how it came to be written — it's too mournfully direct a piece for the mere truth to suffice.

Taps was composed in July 1862 at Harrison's Landing in Virginia, but aside from that basic fact the fanciful e-mail quoted above, which dates at least to the 1930s, in no way reflects the reality of its origins. There was no dead son, Confederate or otherwise; no lone bugler sounding out the dead boy's last composition. How the call came into being was never anything more than one influential soldier deciding his unit could use a bugle call for particular occasions and setting about to come up with one.

If anyone can be said to have composed 'Taps,' it was Brig. Gen. Daniel Butterfield, Commander of the 3rd Brigade, 1st Division, V Army Corps, Army of the Potomac, during the American Civil War. Dissatisfied with the customary firing of three rifle volleys at the conclusion of burials during battle and also wanting a less harsh bugle call for ceremonially signaling the end of a soldier's day, he likely altered an older piece known as "Tattoo," a French bugle call used to signal "lights out," into the call we now know as 'Taps.'

Summoning his brigade's bugler, Private Oliver Willcox Norton, to his tent one evening in July 1862, Butterfield (whether he wrote 'Taps' straight from the cuff or improvised something new by rearranging an older work) worked with the bugler to transform the melody into its present form. As Private Norton later wrote of that occasion:


General Daniel Butterfield ... showing me some notes on a staff written in pencil on the back of an envelope, asked me to sound them on my bugle. I did this several times, playing the music as written. He changed it somewhat, lengthening some notes and shortening others, but retaining the melody as he first gave it to me. After getting it to his satisfaction, he directed me to sound that call for 'Taps' thereafter in place of the regulation call. The music was beautiful on that still summer night, and was heard far beyond the limits of our brigade. The next day I was visited by several buglers from neighboring brigades, asking for copies of the music, which I gladly furnished. I think no general order was issued from army headquarters authorizing the substitution of this for the regulation call, but as each brigade commander exercised his own discretion in such minor matters, the call was gradually taken up through the Army of the Potomac.

'Taps' was quickly taken up by both sides of the conflict, and within months was being sounded by buglers in both Union and Confederate forces.

Then as now, 'Taps' serves as a vital component in ceremonies honoring military dead. It is also understood by American servicemen as an end-of-day 'lights out' signal.

When "Taps" is played at a military funeral, it is customary to salute if in uniform, or place your hand over your heart if not.


Re%3A%20What%20if%3F

 

Why?
?

Jack Butler
?


Re%3A%20Retiree%20revews%20his%20drawers%3F

 

Puerile.
?

Jack Butler
?


Retiree revews his drawers?

guardyourmanhood
 





Re: What if?

guardyourmanhood
 

ah, success!!! have convinced yahoo corp. to dump all emails with any primos to the SPAM folder!

Life is freakin' great!


Re: What if?

guardyourmanhood
 

Often wonder how many retirees know what an expense ratio is!
Oh well, this is sure a great list:

?




---In ibmpensionissues@..., <no_reply@...> wrote :



OBTW, I see you managed to get in a post on the ibmpension board inviting folks to join here for financial discussions.


Re: What if?

vt_burl
 

guardyourmanhood,

I'm sure there is adequate Mental Health care nearby, but one has to first recognize the need for care before one calls for an appointment.

Actually the ibmpension board was not originally founded by grumpy folks. It was founded by Sang J. Moon in an attempt to channel the acidic discussion away from the IBM finance board. The grumpiest of the grumpy folks moved in and staged a hostile takeover, drove Sang away, and established themselves as the new moderators.

Inconsistent moderation? Not for me. Moderation for my posts has been very consistent. I have never ever had one of my posts approved.

OBTW, I see you managed to get in a post on the ibmpension board inviting folks to join here for financial discussions. Hope a few take you up on that. Perhaps you will find less need to guard your manhood here.

---In ibmpensionissues@..., guardyourmanhood wrote :

Let's just hope there is adequate Mental Health care for her in Westchester County.
That message board was founded by grumpy folks and they want to keep it that way. Moderation is very inconsistent.

Meanwhile, the rest of us can dream about what hot rod to buy with that RMD coming up!




Re: Warning of security dangers

 

开云体育

FYI....I use an IPAD & after upgrading to IOS 7, both my gmail & yahoo email accts were hacked & are a mess. I have many missing emails, new mail is going into the trash vs my inbox & other issues. (have not signed into any on-line accts or forums since I upgraded). The apple IOS 7 security exposures have been all over the news. Last wk's patch was supposed to fix the problems but didn't completely. I want to throw my IPAD out the window....

On Mar 3, 2014, at 12:31 PM, ronald_mobkas <no_reply@...> wrote:

?

Moderators and members should be aware of recent security dangers in using Yahoo groups. I am a moderator of the following group:
The group received a series of messages this morning from an ID that appears to be a Phishing expedition from an ID that appears to have been hacked.

Steps you should take to protect against the security dangers:
1. I would advise all group moderators to hide their member list to provide protection from hackers. I just did this on the ibmemployeeissuesissues group. It is unfortunate that the moderators did not do this for the ibmemployeeissues group which was hacked and disabled a few weeks ago.
2. I would advise all group members to select the option to hide their email/IP address if they have posted messages using the web interface or plan to.
3. I would advise all Yahoo users to change their password to one that would be very difficult for a hacker to discover.



Warning of security dangers

ronald_mobkas
 

Moderators and members should be aware of recent security dangers in using Yahoo groups. I am a moderator of the following group: groups.yahoo.com/groups/ibmemployeeissuesissues/
The group received a series of messages this morning from an ID that appears to be a Phishing expedition from an ID that appears to have been hacked.

Steps you should take to protect against the security dangers:
1. I would advise all group moderators to hide their member list to provide protection from hackers. I just did this on the ibmemployeeissuesissues group. It is unfortunate that the moderators did not do this for the ibmemployeeissues group which was hacked and disabled a few weeks ago.
2. I would advise all group members to select the option to hide their email/IP address if they have posted messages using the web interface or plan to.
3. I would advise all Yahoo users to change their password to one that would be very difficult for a hacker to discover.


Re: This is funny

blue_guy_revived
 

They don't have to delete your membership. They just put you on moderation and never approve your messages. That accomplishes the same purpose and Kathi can state this nonsense about not deleting anyone.

If you don't parrot the party line you are silenced. That's one reason I will have nothing to do with the alliance or friends of the alliance. On the other hand, if you're a lunatic like Iggy, you get to post all that you like.


Re: This is funny

user113096
 

I was a member of the ibmpension board from 2003 to near the end of 2011. I was deleted by one of the moderators. The reason for my removal was never explained.


---In ibmpensionissues@..., <no_reply@...> wrote:

It is even funnier that justa_bean_counter would claim that no one has been deleted. Ha ha ha! If she says this lie several more times, do you think anyone will then believe it? The claim is not true. IDs have been deleted from that board. IDs have been banned from that board. You might think she would check the moderator logs and the banned tab to see if the claim was true before she made it. I hesitate to say this but I will do it anyway. justa_bean_counter is a liar. This is not the first lie told by her.

---In ibmpensionissues@..., bewarethebottomline wrote:


Some “person” over on ibmpension who claims to be lousfriend says:

“I don't think I did anything to rile anyone (more than usual, at least), but my membership to this group was deleted when I signed on to Yahoo, and it took several tries to get signed up again.

Did this happen to anyone else?”


Then justa_bean_counter responds with:

“No one has been deleted.

惭辞诲别谤补迟辞谤蝉”


Then bewarethebottomline says:

I hesitate to say much about this for risk of breaking rules 3, 4, and 5 for this board.

So I will say more about this on a board where truth telling is more accepted:


Re: This is funny

bewarethebottomline
 

lousfriend does not say who he is or who he was or whether he is admitting for the first time that he is lou's friend. While Lou Gerstner was running the company, I can't imagine that anyone would publicly admit on the IBM bashing board (oops meant to say ibmpension board) that Lou was their friend. Even now it would seem that claiming that you are lousfriend would destroy the value of your stock in the eyes of the vocal majority on that board.

It is even funnier that justa_bean_counter would claim that no one has been deleted. Ha ha ha! If she says this lie several more times, do you think anyone will then believe it? The claim is not true. IDs have been deleted from that board. IDs have been banned from that board. You might think she would check the moderator logs and the banned tab to see if the claim was true before she made it. I hesitate to say this but I will do it anyway. justa_bean_counter is a liar. This is not the first lie told by her.


---In ibmpensionissues@..., bewarethebottomline wrote:

Some “person” over on ibmpension who claims to be lousfriend says:

“I don't think I did anything to rile anyone (more than usual, at least), but my membership to this group was deleted when I signed on to Yahoo, and it took several tries to get signed up again.

Did this happen to anyone else?”


Then justa_bean_counter responds with:

“No one has been deleted.

惭辞诲别谤补迟辞谤蝉”


Then bewarethebottomline says:

I hesitate to say much about this for risk of breaking rules 3, 4, and 5 for this board.

So I will say more about this on a board where truth telling is more accepted:


This is funny

bewarethebottomline
 

Some “person” over on ibmpension who claims to be lousfriend says:

“I don't think I did anything to rile anyone (more than usual, at least), but my membership to this group was deleted when I signed on to Yahoo, and it took several tries to get signed up again.

Did this happen to anyone else?”


Then justa_bean_counter responds with:

“No one has been deleted.

惭辞诲别谤补迟辞谤蝉”


Then bewarethebottomline says:

I hesitate to say much about this for risk of breaking rules 3, 4, and 5 for this board.

So I will say more about this on a board where truth telling is more accepted:


Corporate pension plans at strongest funding in years

bmwcmick
 

http://www.washingtonpost.com/business/economy/2014/01/02/396b95e8-73cf-11e3-9389-09ef9944065e_story.html

Strong stock market gains and slowly rising interest rates have left corporate pension plans in their healthiest state since the recession hit, a development that analysts say creates an opportunity for many firms to off-load them.

The funding level for the nation's largest corporate pension plans increased sharply in 2013, with the ratio of assets to liabilities rising from 77 percent at the end of 2012 to 93 percent at the end of 2013, according to Towers Watson, a benefits consultancy. That has left corporate pensions in their best shape since 2007, when the average funding level for Fortune 1000 firms offering tradition pensions stood at 106 percent.

The improved finances offer relief to corporations that have been in recent years to keep their pension funding levels in compliance with federal regulations.

But rather than just assuring the future of the shrunken number of traditional pension plans that make retirees guaranteed payments for life, the improved funding levels also make it more feasible for more firms to shed pension obligations altogether. Firms can do that either by offering lump sums to workers or to transfer the future liabilities — and the money set aside to meet them — to insurance companies that convert them into annuities.

"From a financial management perspective, as the funded ratios get closer to 100 percent, it becomes feasible to do things you couldn't three or four years ago," said Alan Glickstein, a senior retirement consultant at Towers Watson.

The percentage of private-sector employees who are covered by traditional pensions has decreased by about half since the early 1990s, to just 18 percent last year, according to the Labor Department.

The decline in traditional pension coverage, coupled with inability of many Americans to save for retirement outside of pension plans and the ever increasing cost of medical care, has contributed to growing concern that a growing number of Americans are at risk of when they enter retirement.

In recent years, some firms — worried about the long-term financial responsibility of paying for pensions — have moved to get the liabilities off their books. In recent years, Verizon Communications transferred $7.5 billion in pension obligations to Prudential Financial. The move came after General Motors paid Prudential to assume $25 billion of its pension risks.

With private firms facing tighter government rules to keep pension funding levels high as well as sharply higher premiums for government pension insurance, that trend is showing no signs of reversing. Add to that the growing volatility of financial markets over the past decade and a half, there is ample incentive for firms to drop pensions, many analysts say.

"The improved funding environment will provide pension plan sponsors with some intriguing opportunities for 2014," said David Suchsland, a senior retirement consultant at Towers Watson. "We expect the actions we've seen among companies to de-risk their pension plans over the past several years will accelerate as funding levels continue to improve."

Now, analysts say, with pension fund balance sheets healing, companies could be tempted to shed pension liabilities because as funding levels improve, the cost to firms of transferring pension liabilities to insurance companies or buying out retirees with lump sums goes down.

This year "is looking to be a big year for risk transfer strategies such as annuity buyouts and voluntary cashouts to former employees, as improving conditions make these options much more feasible than before," said Richard McEvoy, head of the Financial Strategy Group for Mercer Investment Consulting.


Una investigación realizada

 

Una investigación realizada por cinco alumnas de un instituto de secundaria en Dinamarca revela los efectos que las ondas emitidas por los móviles y los routers con WiFi pueden ejercer sobre el entorno, en concreto, sobre las plantas.

Estas chicas escogieron un router porque el tipo de microondas que emite es muy similar a las que transmiten los teléfonos móviles, y ubicaron junto a este dispositivo una maceta con seis semillas de berro sembradas. Después, en otra habitación independiente, en la que las condiciones eran las mismas (agua, temperatura y luz solar fueron controladas por las chicas para que así fuera), a excepción de la ausencia, en este caso, del router, plantaron otras seis semillas de berro del mismo tipo en otra maceta, así lo publica ABC.es.

El resultado, tras doce días de experimento, es que las semillas que no se situaban junto al router germinaron normalmente, mientras que las que sí estaban ubicadas en la habitación del módem habían mutado de color y forma: estaban marrones, ajadas y resecas. Kim Horsevad, profesora de las estudiantes, ha explicado que, aunque las alumnas repitieron dos veces el experimento y lo hicieron lo mejor que pudieron dentro de sus habilidades, no se trata de un estudio profesional, sino de un experimento de instituto.

Sin embargo, Horsevad ha defendido ante los medios que sus estudiantes se encargaron de controlar que las condiciones fueran exactamente las mismas para ambas macetas de semillas. Entre las reacciones que ha despertado la noticia, muchas aseguran que fue el calor del router lo que ha secado las semillas, y no sus microondas, ante lo cual Horsevad responde que el dispositivo estaban ubicados a la distancia suficiente como para que esto no sucediera y que la temperatura de las plantas fue comprobada y monitorizada mediante un termostato.


Disagreement #2

vt_burl
 

My second issue with this post from justa_bean_counter:


justa_bean_counter says:

“It is not a 'blind' board where you have to be a member to have access to the postings, files, photos, and such.”


She is wrong. The only thing you can see if you are not a member is the conversations/messages/postings. You can NOT review files, photos, links, and such unless you are a member.


Well she got 1 out of 4 right. 25% is a fairly good percentage for a baseball hitting average. But it is not too good when you are trying to run a high visibility message board.


I disagree with some statements made on the ibmpension board

vt_burl
 

I attempted a post on the ibmpension board in response to this post from justa_bean_counter:


http://groups.yahoo.com/neo/groups/ibmpension/conversations/messages/79978


In case the post does not get approved, I am also posting it here.?

I disagree with a few of these statements. For now, I will focus on the first sentence:


“This board was set up in 1999 when IBM made the grab for our DB pension, converting it to a CB plan, and to monitor?the lawsuits that ensued afterward.”

Following is my perspective on what really happened:


The ibmpension board was created by Sang J. Moon (an IBM employee) on May 18, 1999. He created it as an attempt to channel the acidic discussion about the IBM pension change away from the IBM finance board: ?

If you go to that board and search for Sang J. Moon and search through his posts, you will find his announcement of this act. During the next 2 months, Sang’s attempts to moderate and calm the intensity of the forum encountered increasing pushback from a vocal minority of activists. Sang explained on July 18, 1999, why he set up the forum and that it was not intended to be an activist forum. A vocal minority of activists staged what amounted to be a hostile takeover during the next several weeks. They wore down Sang’s resistance, and on September 2, 1999, he turned the forum over to the activist leaders and resigned the group. The new forum leaders brought with them a zeal for monitoring lawsuits.


Re: IBM Employee Issues ERISA Applies To The IBM HRA

 

开云体育

You make some very good points on IBM possibly being in violation of ERISA, due to the fact that our retirement plans had to be approved by the IRS in conjunction of ERISA law.? There is another side issue with IBM pushing us into this Extend Health Medicare Exchange.? My wife and I have been with Kaiser for 11 years now and Kaiser was not as part of the original plans being offered by Extend Health, who we were told was our only choice for a medical plan.? Then a couple of weeks later, all of us who were currently with Kaiser, got a letter from IBM, saying that not only could me remain with them if we choose to do so, we were also told that an HRA would be set up for us.? This was good news to me, since there are no doctors locally who will take a new Medicare patient.

?

Now let me get to my main point.? Two of my retired IBM friends here in Salem, Oregon have been with Aetna for some time and want to stay with them.? But the only available Medigap plan on Extend Health's list are Humana, Blue Cross and AARP/United Healthcare.? Both of these individuals have had bad experiences with all three of these companies and don't want to go with them.? What it looks like to me, is that by IBM making an exception and letting those of us with Kaiser stay with them and setting up an HRA for us, they have created a precedent for others to stay with the company they have been with and also have an HRA.? Now any of us are free to get our healthcare from any company that we want.? But IBM is telling us that if we don't go with Extend Health and now are able to remain with Kaiser, they won't set up an HRA for us.? This smells to high heaven and looks like grounds for a class action lawsuit.

?

Like other poster said, I am not a legal professional either, but it sure doesn't sound right.

?

LRG ??

?

?

?

From: ibmpensionissues@... [mailto:ibmpensionissues@...] On Behalf Of retired_engineer@...
Sent: Saturday, October 12, 2013 10:52 AM
To: ibm_retiree
Cc: ibmretiree; ibmpension; ibmpensionissues
Subject: [ibmpensionissues] RE: IBM Employee Issues RE: ERISA Applies To The IBM HRA

?

?


I am not a legal professional and things seem to still be evolving on the IBM HRA, but here is my interpretation of ERISA as it applies to the IBM HRA and ExtendHealth. This was my response to a question I received earlier on ibmretireeissues.

Can you net this out?

My interpretations of the highlighted portions of the ERISA summary posted on the DOL website as I posted on these list-serves are:

  1. ERISA applies to the IBM HRA.
  2. IBM established and controls the HRA and as such has a fiduciary responsibility to the beneficiaries.
  3. ExtendHealth as the organization responsible for administration of the HRA also has a fiduciary responsibility to the beneficiaries.
  4. IBM/EH must provide a SPD to the beneficiaries but have not [yet].

?

My concerns/suspicions/opinions based on my personal observations/experiences are:

  1. IBM has exceeded its authority and created a possible conflict of interest by requiring that individual health insurance be purchased through, Extend Health, a private health exchange and the organization responsible for administration of the IBM HRA, in order to receive the benefits of the IBM HRA.
  2. Extend Health is engaging in a conflict of interest violation of ERISA through the deceptive practices of limiting the health insurance choices of the IBM HRA beneficiaries and by “pushing” those individual health plans that maximize commissions for Extend Health.
  3. IBM has a fiduciary responsibility to ensure that Extend Health, as the administrator of the IBM HRA, does not engage in practices that violate requirements of ERISA.
  4. If IBM is, or should be, aware of Extend Health violations of ERISA and does not take corrective action, then IBM is also in violation of ERISA.
  5. In light of the above, it is also possible, but can not be known without access to the detailed IBM HRA Plan documents and the contract between IBM and Extend Health, that Extend Health may be incentivised to limit claims to the IBM HRA so as to maximize the funds to be returned to IBM at the end of the calendar year, which would also be a violation of ERISA.

?


From: skip.mcgaughey@...
To: IBM_RETIREE@...
Date: Thu, 10 Oct 2013 11:16:18 -0700
Subject: IBM Employee Issues RE: ERISA Applies To The IBM HRA

?


Thanks for the information and post.
Do you or anyone know any IBM knowledgeable legal people or retired federal regulators who can help us with understanding the legal and regulatory issues associated with ERISA.
Thanks.....
Skip.McGaughey@... ?



---In ibm_retiree@..., <retired_engineer@...> wrote:

The IBM Health Reimbursement Arrangement (HRA) is an employee [retiree] welfare benefit plan [health plan] and, as such, the Employee Retirement Income Security Act – ERISA applies.

Below are applicable sections of ERISA, from the DOL website, with highlights added.

Employee Retirement Income Security Act — ERISA

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.
ERISA requires plans to provide participants with including important information about plan features and funding; provides for those who manage and control plan assets; requires plans to establish a grievance and appeals process for participants to get benefits from their plans; and gives participants the right to sue for benefits and breaches of fiduciary duty.
There have been a number of amendments to ERISA, expanding the protections available to health benefit plan participants and beneficiaries. One important amendment, the , provides some workers and their families with the right to continue their health coverage for a limited time after certain events, such as the loss of a job. Another amendment to ERISA is the which provides important new protections for working Americans and their families who have preexisting medical conditions or might otherwise suffer discrimination in health coverage based on factors that relate to an individual's health. Other important amendments include the Newborns' and Mothers' Health Protection Act, the Mental Health Parity Act, and the Women's Health and Cancer Rights Act.
In general, ERISA does not cover group health plans established or maintained by governmental entities, churches for their employees, or plans which are maintained solely to comply with applicable 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.
?

Plan Information

The Employee Retirement Income Security Act (ERISA) requires plan administrators — the people who run plans — to give plan participants in writing the most important facts they need to know about their retirement and health benefit plans including plan rules, financial information, and documents on the operation and management of the plan. Some of these facts must be provided to participants regularly and automatically by the plan administrator. Others are available upon request, free-of-charge or for copying fees. The request should be made in writing.
One of the most important documents participants are entitled to receive automatically when becoming a participant of an ERISA-covered retirement or health benefit plan or a beneficiary receiving benefits under such a plan, is a summary of the plan, called the summary plan description or SPD. The plan administrator is legally obligated to provide to participants, free of charge, the SPD. The summary plan description is an important document that tells participants what the plan provides and how it operates. It provides information on when an employee can begin to participate in the plan, how service and benefits are calculated, when benefits becomes vested, when and in what form benefits are paid, and how to file a claim for benefits. If a plan is changed, participants must be informed, either through a revised summary plan description, or in a separate document, called a summary of material modifications, which also must be given to participants free of charge.
In addition to the summary plan description, the plan administrator must automatically give participants each year a copy of the plan's summary annual report. This is a summary of the annual financial report that most plans must file with the Department of Labor. These reports are filed on government forms called the Form 5500. The summary annual report is available at no cost. To learn more about the plan assets, participants may ask the plan administrator for a copy of the annual report in its entirety.
If participants are unable to get the summary plan description, the summary annual report or the annual report from the plan administrator, they may be able to obtain a copy by writing to the U.S. Department of Labor, EBSA, Public Disclosure Room, Room N-1513, 200 Constitution Avenue, N.W., Washington, D.C. 20210, for a nominal copying charge. Participants should provide their name, address and phone number to enable EBSA to contact them to follow up on the request.

Fiduciary Responsibilities

The protects your plan's assets by requiring that those persons or entities who exercise discretionary control or authority over plan management or plan assets, have discretionary authority or responsibility for the administration of a plan, or provide investment advice to a plan for compensation or have any authority or responsibility to do so are subject to fiduciary responsibilities. Plan fiduciaries include, for example, plan trustees, plan administrators, and members of a plan's investment committee.
The primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits and paying plan expenses. Fiduciaries must act prudently and must diversify the plan's investments in order to minimize the risk of large losses. In addition, they must follow the terms of plan documents to the extent that the plan terms are consistent with ERISA. They also must avoid conflicts of interest. In other words, they may not engage in transactions on behalf of the plan that benefit parties related to the plan, such as other fiduciaries, services providers, or the plan sponsor.
Fiduciaries who do not follow these principles of conduct may be personally liable to restore any losses to the plan, or to restore any profits made through improper use of plan assets. Courts may take whatever action is appropriate against fiduciaries who breach their duties under ERISA including their removal.

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