What does Annual Benefit Statement mean? Read on to discover the definition & meaning of the term Annual Benefit Statement - to help you better understand the language used in insurance policies.
Annual Benefit Statement
Document issued by the entity managing a pension or retirement plan to the plan's participants. Among other items of information, it informs the participant of his or her status in the plan, accumulated contributions including the interest, and the estimated value of the plan as at the statement date.
We hope the you have a better understanding of the meaning of Annual Benefit Statement.