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DOL reissues revised interim policy on electronic disclosure

The U.S. Department of Labors newly revised interim policy on electronic disclosure clarifies that plan administrators and their service providers will not be out of compliance with the Employee Retirement Income Security Act (ERISA) if they use continuous access websites to impart required disclosure information.

By Paula Aven Gladych | Updated on December 09, 2011

The U.S. Department of Labor’s newly revised interim policy on electronic disclosure clarifies that plan administrators and their service providers will not be out of compliance with the Employee Retirement Income Security Act (ERISA) if they use continuous access websites to impart required disclosure information.

The Department issued its initial interim policy on electronic disclosure on Sept. 13, 2011. That technical released confused plan administrators and their service providers even more, eliciting questions about whether the interim policy was intended to apply to continuous access Web sites and whether, and under what circumstances, the release permits investment-related information, specifically comparative chart information, to be furnished as part of a pension benefit statement.

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