Seyfarth Synopsis: On Tuesday, August 18, 2020, the Department of Labor’s Employee Benefits Security Administration (EBSA) released an interim final rule related to a new disclosure that will need to be provided as a part of...more
8/25/2020
/ Benefit Plan Sponsors ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Disclosure Requirements ,
EBSA ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Interim Final Rules (IFR) ,
Internal Revenue Code (IRC) ,
Rulemaking Process ,
SECURE Act
After a long process, which stretched on for over a decade, on May 27, 2020, the Department of Labor (“DOL”) published final regulations regarding the electronic delivery of required disclosures under the Employee Retirement...more
On October 22, 2019, the Department of Labor (DOL) issued proposed regulations providing guidance for retirement plan administrators using electronic delivery for required disclosures, including a new safe harbor....more
11/1/2019
/ Comment Period ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Electronic Communications ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Plan Administrators ,
Proposed Regulation ,
Retirement Plan ,
Rulemaking Process ,
Safe Harbors
Synopsis: The Department of Labor (“DOL”) just issued proposed rule changes governing the disclosure of ERISA-required notices via an electronic format (e.g., emails, intranet sites, etc.). These proposed rules update final...more