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DOL Issues Final Rule on Retirement Plan Electronic Disclosures
Miller Johnson 
[Guidance Overview] June 23, 2020 "Plan administrators may still rely on the 2002 safe harbor, which many plan administrators may find preferable and less complicated. However, the final rule states that certain delivery methods that the DOL had previously approved for specific ERISA disclosures are no longer available, having been superseded by the new safe harbor. Specifically, plan administrators will no longer be able to provide pension benefit statements or participant-level fee disclosures using a 'continuous access website,' as permitted under [FAB 2006-03]." MORE >> |
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