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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.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 ...
http://kbpensionservices.com/files/9513/7347/0030/A_Guide_to_Electronic_Delivery_of_Participant_Disclosure_Materials.pdf
IRS Electronic Media Guidance provides two methods of electronic delivery of plan information. First, there is the “General Method,” which has system, consent and notice requirements that are substantially similar to the requirements under the DOL’s Electronic Disclosure Safe Harbor.File Size: 81KB
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.
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 · When Can Employers Use Electronic Delivery of Benefit Plan Documents ... provides a “safe harbor” which provides employers with guidelines for electronic distribution to the following types of ... Merely posting the plan documents without providing notice to participants of the posting does not satisfy the DOL’s electronic delivery rules.
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.meritain.com/Regulatory-Compliance/Electronic-Distribution-Requirements-Under-ERISA
Electronic Distribution Requirements Under ERISA. Most employers like to electronically distribute their required plan disclosure materials, such as the Summary Plan Description (SPD), initial COBRA notice, adverse benefit determinations, etc.
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.
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.
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