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New Safe Harbor for Electronic Communications Opens Door to Huge Enhancements
October Three Consulting Link to more items from this source
[Guidance Overview]
May 22, 2020

"One question raised by commenters on the proposed rule was whether the standards under the new rule could be used for disclosures required by the Internal Revenue Code. In that regard, DOL (in the preamble to the final regulation) stated: 'The Treasury Department and the IRS have indicated that they intend to issue additional guidance relating to the use of electronic delivery for participant notices.' The final regulation represents a significant improvement over current rules and will permit many sponsors to upgrade, and in some cases transform, the way they communicate with their participants."

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