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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.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
http://kbpensionservices.com/files/9513/7347/0030/A_Guide_to_Electronic_Delivery_of_Participant_Disclosure_Materials.pdf
A GUIDE TO ELECTRONIC DELIVERY OF PARTICIPANT DISCLOSURE MATERIALS . The U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) issued a series of rules and interpretations around using e-mail and other electronic disclosure methods. This guide is intended to:File Size: 81KB
http://www.ebcflex.com/Menu/Resources/ComplianceBuzz/tabid/1140/ArticleID/377/When-Can-Employers-Use-Electronic-Delivery-of-Benefit-Plan-Documents.aspx
Sep 21, 2016 · The Bottom Line: Failure to follow the DOL electronic distribution rules can result in employer penalties. Employers who want to distribute benefit plan information electronically to plan participants can do so but should carefully review and follow the DOL safe harbor rules for electronic delivery described above.
https://www.truckerhuss.com/2011/09/new-guidance-on-electronic-delivery-of-participant-disclosures/
Since the new guidance affirms that the existing DOL safe harbor applies to the electronic delivery of all of the participant disclosures and because the safe harbor does not mandate the use of notices like the new method provided in the Technical Release, the usefulness of the new method is not entirely evident.
https://www.plansponsor.com/dol-asked-make-electronic-delivery-retirement-plan-disclosures-default/
Jun 04, 2019 · Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department of Labor (DOL) asking it to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices.
https://www.psafinancial.com/2017/03/electronically-distribute-erisa-required-documents/
Mar 01, 2017 · ERISA compliance, including distribution of hard copy ERISA-required documents, is inefficient and costly in the digital age. Learn how to compliy with the electronic distribution requirements of the DOL.
https://www.mercer.com/our-thinking/law-and-policy-group/dol-urged-to-speed-electronic-delivery-rule-for-retirement-plans.html
Jun 18, 2019 · Ongoing Push for Updated DOL E-Delivery Rules. Current DOL rules allow e-delivering certain types of plan information but often restrict use of this method to employees who have ready access to a computer and other participants who affirmatively consent to electronic communications (29 CFR § 2520.104b-1(c)).
https://news.leavitt.com/employee-benefits-compliance/electronic-disclosure-of-erisa-plan-communications/
Dec 06, 2012 · Overview of ERISA Electronic Disclosure/Notice Rules. ERISA plan administrators may distribute ERISA-required communications from the plan to participants and beneficiaries in either paper or electronic format. The Department of Labor (DOL) “safe harbor” rule for electronic distribution provides that if certain requirements are met, employers can send such communications to employees …
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