Compliance

Important benefits information
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Each year, BP provides you important benefit plan information to help you better understand and use your benefits, and to meet the basic disclosure requirements of the Employee Retirement Income Security Act of 1974 (ERISA), which governs the BP benefit plans. To make it simpler for you to access your important benefits information in one easy location, we've consolidated a summary of important plan updates below.

Summary plan description (SPD) updates

Your employee benefit plans described in the Benefits Handbook section of LifeBenefits have been recently updated. The Benefits Handbook is the legally required summary of your BP employee benefit plans. For a list of the changes, or to review the updated plan summaries, visit the Benefits Handbook tab on the LifeBenefits website.

Summary annual report (SAR)

As a participant in a BP benefit plan, you have certain rights and protections under ERISA. One of your rights under ERISA is receiving a summary of the plan's annual financial report. The summary annual report for 2017 is now available on the LifeBenefits website.

Investing at BP guide and prospectus

Regularly reviewing your investment options helps align your investment choices with your financial goals for the future. This Investing at BP guide is designed to help you understand your investment options, what to consider when investing and the resources available to help you make the most of your savings in the BP employee savings plans. The  guide contains information about general investment principles, basic features of the BP savings plans, investment options and direction, and investment styles and risks.

You can also access the updated BP Prospectus to learn more about your BP savings plans and other available resources.

Access savings plan options basic facts and investment performance data online

Data on the performance of BP's savings plan funds can be accessed online in real time. You can find the data and perspective you need directly on NetBenefits® — whether you're looking for a summary of a fund's objectives and risks, checking your funds' performance, doing a simple comparison of your fund options, or conducting an in-depth analysis. Find out how BP's investment options performed and more on Fidelity's Investment & Performance page.

Summary of Benefits and Coverage availability


Choosing the best health coverage for you and your family is an important decision. To help you review and compare your options, and to comply with the guidelines of the Affordable Care Act (ACA), BP provides you access to a Summary of Benefits and Coverage (SBC). To access an online copy of this document, log on to the BP HR & Benefits Center. For a paper copy, please contact the BP HR & Benefits Center.
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