"Most plan sponsors rely upon one of two pre-existing DOL electronic disclosure safe harbors in order to facilitate their electronic delivery of participant benefit statements.... With respect to plan sponsors relying upon the 2002 Safe Harbor, the Prop Regs require the provision of a one-time paper notice to employees who first become eligible for the plan at issue on or after January 1, 2026.... Since the 2020 Safe Harbor did not previously include an affirmative election requirement, plan sponsors that want to avoid the Paper Requirement will need to determine the best way to solicit participant elections for electronic delivery."  MORE >>