Should electronic disclosure requirements for employee benefit plans be changed? The answer is yes. And no. And maybe so.
Earlier this month the Employee Benefits Security Administration leg of the Department of Labor solicited advice from industry professionals on changes they think should be made to this compliance issue.
In a statement, EBSA Assistant Secretary of Labor Phyllis C. Borzi said, “Some workers and retirees may not be sufficiently computer literate to receive information electronically or have reasonable access to the Internet, and others may simply prefer traditional paper disclosure.”
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