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https://www.dol.gov/newsroom/releases/ebsa/ebsa20191022
U.S. Department of Labor Proposes New Electronic Disclosure Rule. WASHINGTON, ... The order explicitly directed the Department to explore the potential for broader use of electronic delivery as a way to improve disclosures’ effectiveness. The Department used its delegated authority under the Employee Retirement Income Security Act of 1974 in ...
https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/retirement-plans-electronic-disclosure-safe-harbor-rule
Plan administrators must use delivery methods reasonably calculated to ensure actual receipt of the documents. The Department amended the general standards for delivery of required disclosures in 2002 by establishing a regulatory safe harbor for the use of electronic media (the 2002 safe harbor). See 29 CFR 2520.104b-1(c).
https://www.mercer.com/our-thinking/law-and-policy-group/dol-proposes-new-electronic-delivery-rule-for-retirement-plan-notices.html
Retirement plans would have a new safe harbor method for electronic delivery of participant notices, under proposed regulations from the Department of Labor (DOL). Plan administrators could make disclosures required under Title I of ERISA available on a website, after providing initial notice to participants and beneficiaries about how to access the documents.
https://www2.ascensus.com/news/industry-regulatory-news/2019/10/24/dol-proposed-electronic-delivery-regulations-published-in-federal-register/
Oct 24, 2019 · The Federal Register now contains the official publishing of the DOL Employee Benefit Security Administration (EBSA) regulations describing a proposed safe harbor for electronic delivery of employee benefit plan disclosures to participants and beneficiaries.. If adopted, these regulations would provide a safe harbor for electronic delivery as the primary or default means to provide ERISA ...
https://www.pillsburylaw.com/images/content/1/3/v2/1364/D70B2C7DE04D9F2EF832561AC253B226.pdf
DOL Finalizes Rules for Electronic Delivery of Documents and Information Under ERISA By Henry A. Hernandez The Employee Retirement Income Security Act of 1974, as amended (“ERISA”), requires that employers provide certain information and documents to benefit plan participants and beneficiaries. The Department of Labor (DOL) recently issued ...File Size: 114KB
https://www.groom.com/resources/dol-modernizes-disclosure-rules-in-a-significant-expansion-of-electronic-delivery/
Oct 28, 2019 · DOL also eliminated a key rule for QDIA notices — the ability to rely on either one of the DOL or the IRS electronic delivery rules. Finally, the Proposed Rule leaves open a number of questions including whether and when certain notices and documents can be removed from a plan’s website.
https://www.federalregister.gov/documents/2019/10/23/2019-22901/default-electronic-disclosure-by-employee-pension-benefit-plans-under-erisa
FAB 2008-03 explains that, absent subsequent guidance to the contrary, plans that wish to use electronic means to satisfy their notice requirements may rely on either the regulations issued by the Department of Labor at 29 CFR 2520.104b-1(c) or the regulations issued by the Department of the Treasury (Treasury Department) and the Internal ...
https://www.law.cornell.edu/cfr/text/29/2520.104b-1
(c) Disclosure through electronic media. (1) Except as otherwise provided by applicable law, rule or regulation, the administrator of an employee benefit plan furnishing documents through electronic media is deemed to satisfy the requirements of paragraph (b)(1) of this section with respect to an individual described in paragraph (c)(2) if:
https://www.erisapracticecenter.com/2019/10/guide-to-dols-new-notice-and-access-proposal-for-electronic-delivery/
Oct 30, 2019 · Guide to DOL’s New “Notice and Access” Proposal for Electronic Delivery By Seth Safra and Jennifer Rigterink on October 30, 2019 Posted in Disclosure On October 23, 2019, the Department of Labor published a new proposed regulation that paves the way for “notice and access” electronic delivery of certain disclosures for retirement plans.
https://www.foley.com/en/insights/publications/2019/11/dol-modernize-erisa-electronic-disclosure-rules
Regulations issued by the DOL in 2002 provided plan sponsors with an optional, “safe harbor” electronic delivery method (the “2002 Safe Harbor”) they could use to satisfy ERISA’s delivery requirements.
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