Last week, ERIC joined several other trade associations in urging the Department of Labor (DOL) to issue proposed regulations on electronic delivery as directed by the President’s Executive Order on Strengthening Retirement Security in America. The EO instructs the DOL to review actions that would make retirement plan disclosures more understandable and useful, while also reducing the costs and burdens they impose on employers and other plan fiduciaries– including the use of electronic disclosure. While regulatory action was included in the latest Unified Agenda, the DOL has yet to take any action.
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Article by Aliya Robinson, Senior Vice President of Retirement Policy