Summary Annual Report - Lehigh University Retirement Program

To Participants and Beneficiaries of the Lehigh University Retirement Program for Faculty and Staff (PN001)

This report highlights important information about the plan.  While some of this information may appear to duplicate information previously communicated to you, the Internal Revenue Service and U.S. Department of Labor requires that an annual report in this format be given to all employees. 

The information used in this summary annual report has been taken from the detailed Annual Report for the plan filed with the Internal Revenue Service and the U.S. Department of Labor’s Employee Benefits Security Administration under employer identification number 24-0795445, for the 2012 plan year.  This report has been filed in accordance with the Employee Retirement Income Security Act (ERISA).

Basic Financial Statement
    
Benefits under the plan are provided by individually owned, fully vested, annuity or mutual fund contracts issued by Teachers Insurance and Annuity Association and College Retirement Equities Fund (TIAA-CREF). The total premiums paid for the plan year were $12,224,575.

Your Rights to Additional Information

You have the right to receive a copy of the full Annual Report, or any part thereof, on request.  The items listed below are included in the report:

1.    An accountant’s report;
2.    Financial information and information on payments to service providers;
3.    Assets held for investment; and
4.    Information regarding any common or collective trusts, pooled separate accounts, master trusts or 103-12 investment entities in which the plan participates.

To obtain a copy of full Annual Reports, or any part thereof, contact Toni Lee Febbo,Human Resources, 428 Brodhead Avenue, Bethlehem, PA 18015, telephone (610) 758-3896.  The charge to cover copying is $0.25 per page.

You also have the right to receive from the plan administrator on request and at no charge, a statement of the assets of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a full annual report from the plan administrator, these two statements and accompanying notes will be included as a part of that report.  The charge to cover copying costs given above does not include a charge for the copying of these portions of the report because these portions are furnished without charge.

You also have the legally protected right to examine the Annual Report at the main office of the plan at the Office of Human Resources, 428 Brodhead Avenue, Bethlehem, PA  18015 and at the U.S. Department of Labor in Washington, DC., or to obtain a copy from the U.S. Department of Labor upon payment of copy costs.  

Request to the Department should be addressed to: Public Disclosures Room, N4677, Employee Benefits Security Administration (EBSA), Department of Labor, 200 Constitution Ave., N.W., Washington, DC 20216.