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DOL Provides Retirement Plans with Additional Safe Harbor for Electronic Disclosure of Required Plan Notices Under ERISA
Trucker Huss
[Guidance Overview] July 10, 2020 "The new, additional safe harbor does not supersede the 2002 safe harbor.1 It goes beyond the 2002 safe harbor by covering all retirement plan participants and beneficiaries who have not opted-out, not just those who are 'wired at work' or who affirmatively consent to electronic delivery. The final rule only applies to required retirement plan disclosures that are within the jurisdiction of the DOL and is fundamentally similar to the proposed rule, published on October 23, 2019." |
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