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Statement of Consumer, Labor, Women's and Retiree Organizations Opposing Efforts to Eliminate Paper-Based Disclosures to Retirement Plan Participants (PDF)
Pension Rights Center [PRC]
[Opinion] Apr. 19, 2012 "Receiving clear and accessible information about 401(k) fees and investment options is critical if people are to be able to protect and understand their 401(k) benefits. In our view, [DOL] has already provided employers and financial institutions with sufficient latitude by allowing them to automatically provide information electronically to those people who work with their employer's computer network as an integral part of their day job. This is a compromise we support. But where employees do not use a computer in their everyday work, it must be up to them to decide -- not financial institutions or their employers -- whether they should get this critical information by mail or electronically." MORE >> |
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