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DOL Modernizes Rules for Electronic Distribution of Retirement Plan Communications (PDF)
Roberts & Holland LLP
[Guidance Overview] July 24, 2020 "The DOL has permitted electronic distribution of participant communications to plan participants since 2002, but only to [certain] individuals ... The new DOL final regulations provide administrators two ways to use electronic delivery as the default method for distributing required communications to participants: [1] the administrator may post the document or notice on a website, or [2] the administrator may email or text the document or notice to the participant's email address or smartphone." MORE >> |
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