b"Page5 ofLaborinWashington,D. C.O copymustbea vailableinthe ne princi paloffi ceoft headministratorforexaminationbyanyparticipantorbenefici.ary.Furtherm t headministratormust ore, del i vera.copyofsuchreportst oanyparticipantorbenef iciary whomakeswrittenreque sttherefo r . TheDescriptionofthePlanmustbeavailablewithin90days afterJanuary1,1959,f orplanstheninefor11i t hin90days feet after anewplanisestabl i shed. -1 TheAnnualReportist obeslgnedandswor tobytheplan AdministratororcertifiedbyaCertifiedPublicAccountantand mustbea vailablew 120daysa f tert heendoft hecalendar, ithin policy,orothertypeoff i scalyear. 3.The11 Admin:i.strator. 11 Attentionmustbegiventot hedesignationofoneor more personsinagivencompanywhoaret obeactuallyr esponsiblefor thecontrol ,dispositionormanagementofmoneyreceivedorcontributedforpurposesofthepa rticularplanorbenefit.involved . TheActrequiresthattheA intstrato r:,weartotheinformati on dmt obeputintotheannualr eportsorthatit becertifi edtoby anaccountantbaseduponacomprehensiveaudit, Whereinsuredplansarei n volved ,thet.clminlstratorw~ll havetodependupont hei nsurancecompanysupplyingt hebenefits orse rvicestosupplyhimwiththei nform?.!tionnecessar ytoput intother equiredreportsandperhapsals ofo ragooddc ser:i.p t ionoftheplan,,1hichisrequ1red. 4.Conclusion . Thea bove1sonlyabriefoutlineo f: ofthefeatures 3omc ofthenewl aw.Manyquestionswillundoubtedlya r isea stohow t helawshouldbeinterpretejandappl i ed. Itshoul dberememberedt hatthene11lawislimitedtodis closureandreportingnnddoesn otassignanyregulaoryfunctions ttot heSecr etarycfLabor.Thepartiesconcernedwi.thea.chplan mustsecthatiti sproperlyenf orced.Stiffcriminalpenalti es a reprovidedforv1illfulviola0ionsof:: disclosu:!'.'eandpublica.he tionprovisions2ndtheAclmini.stratorisalsosubjecttolegal actionbypar ticipantsorbenef i ciariesforfai l ureorrefusal , uponw ittenrequest ,tosupplyacopyofthedescriptionofthe rplanoroftheannualreportrequiredbythelaw. DirectorsNeetin~ Thenextmeet ingofthedirector sofyourAssociationv1 ll ibeheldinKansasClty,Missouri ,onJune6.If anymem has ber anym ttertobebroughttotheattentionoft hedirectors,he amaycommunicat edirectlywithanyoneoftherr.or~,i tht heExecu tiveSecretary."