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Posted

We recently viewed a webcast regarding Participant Fee Disclosures and it indicated that plan sponsors could deliver the 404(a)(5) Notice by electronic delivery "under the DOL rules".

We looked at the DOL rules, and it was pretty extensive. We previously understood that the notice had to either be hand delivered or mailed.

To satisfy both IRS and DOL rules, is electronic delivery of this notice allowed?

Posted

Is electronic delivery sufficient if the addressee has not consented to it and does not use any computer as part of his or her work for the employer?

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

Posted
Is electronic delivery sufficient if the addressee has not consented to it and does not use any computer as part of his or her work for the employer?

No. I meant it is ok, subject to the DOL rules that the original poster appears to be aware of.

Ed Snyder

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