The Employee Benefits Security Administration (EBSA) has come out with an interim policy regarding the use of electronic media to satisfy participant-level fee notice requirements.
EBSA, an arm of the U.S. Labor Department, has described the interim policy in Technical Release 2011-03, which creates a safe harbor for employers that want to use e-mail or other electronic media to meet the new disclosure requirements.
Starting May 31, 2012, the new rules will require employers to give workers who participate in 401(k) plans and similar retirement plans more information about plan administrative costs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
