If the proposal is adopted, electronic delivery can be the default method for providing documents, so long as participants can opt out of the default if they prefer paper documents. (Photo: Shutterstock)
The country's largest sponsors of retirement plans are more than ready to move on a Labor Department proposal that would facilitate wider utilization of electronic plan documents.
"Employers have been looking at this for quite a while," said Aliya Robinson, senior vice president, retirement and compensation policy, for the ERISA Industry Committee.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
