PJ2009 Posted April 20, 2009 Posted April 20, 2009 Could somebody please point me to the most recent regulation on electronic distribution of SPDs? It's a typical Monday and I'm just not finding it. Thanks much! Thank you. pj
J Simmons Posted April 21, 2009 Posted April 21, 2009 29 CFR § 2520.104b-1© John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
PJ2009 Posted April 21, 2009 Author Posted April 21, 2009 29 CFR § 2520.104b-1© Many thanks! It's interesting to note that these rules apply not only to SPDs but to other legally required notices as well. However, it appears to be a very tough standard to meet. It almost seems easier to continue to provide SPDs and other notices the old-fashioned way. Thank you. pj
J Simmons Posted April 21, 2009 Posted April 21, 2009 Agreed. The Labor Regs stripped out the net advantage that the rest of society benefits from the electronic communication age. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
TPApril Posted October 21, 2015 Posted October 21, 2015 I am curious - what is the general usage these days of using the Consent for Electronic Disclosure for SPD's, SMM's, SAR's?
GBurns Posted October 21, 2015 Posted October 21, 2015 I doubt that there is general usage. A large % of employees still do not have access to computers and the use of smartphones has not been quantified. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
david rigby Posted October 21, 2015 Posted October 21, 2015 Think "intranet". I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
GBurns Posted October 21, 2015 Posted October 21, 2015 Most employees do not have a terminal. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
Peter Gulia Posted October 22, 2015 Posted October 22, 2015 The electronic-delivery rule works well with a workforce organized around knowledge work or office work. For those, it's often so that every employee has an employer-provided desktop computer and is required to use it regularly as an essential part of his or her work. (I have clients that send paper only to the few former employees who have not yet taken a distribution.) For some other workforces, it might be feasible to sort deliveries between e-mail deliveries for current employees who are office workers; and paper deliveries for employees who do not use computers as an “integral” part of one’s work, and for former employees, beneficiaries, and alternate payees. Is anyone experimenting with allocating the expense of paper delivery to those who receive it, while recording the consents of those who will take electronic delivery to avoid the incremental charge? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now