80 Ill. Adm. Code 2700.650
Participant Statements
Section 2700
Section 2700.650 Participant
Statements
a) Each Participant shall be provided quarterly with an
accounting of his or her Deferred Compensation Account, including, but not
limited to, the amount deferred and any amounts credited or debited up to the
quarter end and a separate accounting showing amounts credited or debited up to
the quarter end for a Participant's outstanding Loan under Section 2700.700.
b) The accounting shall be made not later than 60 days after all
deferrals for the quarter have been invested.
c) Participants are responsible for notifying the Department in
writing of any investment or other error within 14 days after the receipt of any
statement.
d) The liability of the Plan to the Participants for
administrative errors shall not exceed the amount necessary to correct the
error. Errors under $5.00 will not be corrected.