On October 23, 2019, the Department of Labor (DOL) proposed new rules regarding electronic disclosure for retirement plans. [Prop. Labor Reg. §2520.104-31] If adopted, the rule generally would expand a plan sponsor’s ability to use electronic means to provide plan disclosures.
In a contributed article published by the Journal of Pension Benefits, partner Kelsey Mayo outlines how the Department of Labor has moved one step closer to making it a little bit easier for plan sponsors to meet all requirements.
The full article can be found here.