In October, the U.S. Department of Labor released a proposed rule that would increase plan administrators’ ability to make certain required ERISA pension disclosures through electronic, rather than paper, delivery. Below is a summary of the proposed rule with some highlights on aspects of the proposal that have been questioned by interested parties and might be changed.
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safe harbor
Regulatory Safe Harbors Are Critical to Employee Benefit Plans
By Julie Edmond & Michael J. Francese on
Posted in Defined Benefit Plans, Defined Contributions Plans
Regulatory safe harbors play a critical role in the design of employee benefit plans by:
- Providing concrete guidance on how to comply with the complex rules that govern plans;
- Facilitating efficient, effective and consistent plan administration; and
- Encouraging employers to establish and continue their employee benefit plans and furthering participants’
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Continue Reading Regulatory Safe Harbors Are Critical to Employee Benefit Plans