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Industry Groups Urge DOL to Allow Broader Use of Electronic Communication for Retirement Plan Participant Disclosures (PDF)
The SPARK Institute / American Society of Pension Professionals & Actuaries / Investment Company Institute / and others
[Opinion] Mar. 28, 2012
"[The groups] encourage the Department to pursue a policy that, in operation, would encourage and facilitate the use of modern electronic forms of communication.... Participants of all ages and incomes increasingly prefer to access information online and believe that doing so makes it easier to act on the information.... [T]he increased costs attendant to paper disclosure in 401(k) plans could reduce participants' retirement savings, the very savings we are working to increase with enhanced transparency."
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