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.

b)         Such an 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 of 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.

(Source:  Amended at 18 Ill. Reg. 7224, effective May 2, 1994)