The Department expects the rule to enhance the effectiveness of ERISA disclosures and significantly reduce the costs and burden associated with furnishing many of the recurring and most costly disclosures. Individuals who prefer to receive disclosures on paper can request paper copies of disclosures and opt out of electronic delivery entirely. The rule allows plan administrators who satisfy specified conditions to provide participants and beneficiaries with a notice that certain disclosures will be made available on a website, or to furnish disclosures via email. The Department of Labor is adopting in this document a new, additional safe harbor for employee benefit plan administrators to use electronic media, as a default, to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). Start Preamble Start Printed 84 AGENCY:Įmployee Benefits Security Administration, Department of Labor. PART 2560-RULES AND REGULATIONS FOR ADMINISTRATION AND ENFORCEMENT.PART 2520-RULES AND REGULATIONS FOR REPORTING AND DISCLOSURE.(v) Significant Alternatives Considered.(iv) Duplicate, Overlapping, or Relevant Federal Rules.(iii) Projected Reporting, Recordkeeping, and Other Compliance Requirements.(i) Need for and Objectives of the Rule.(iii) Keeping a Quarterly Pension Benefit Statement in a Single Annual Combined NOIA.(ii) Conforming With Electronic Delivery Approaches Adopted by Other Agency.(i) Covering Welfare Benefit Plan Disclosures.(v) Non-Quantified Costs (Potential Adverse Impacts).(1) Relevant Executive Orders for Regulatory Impact Analyses.(ii) Electronic Addresses Obtained Prior to the Effective Date of This Final Rule.(i) Delay in Superseding Prior Subregulatory Guidance.(9) Direct Delivery Via Electronic Mail.(8) Reasonable Procedures for Compliance.(7) Special Rule for Annual Combined Notices of Internet Availability.(6) Special Rule for Severance From Employment With Plan Sponsor.(5) Initial Notification of Default Electronic Delivery and Right To Opt Out.(4) Right to Copies of Paper Documents or To Globally Opt Out of Electronic Delivery.(iii) Form and Manner of Furnishing Notice of Internet Availability.(ii) Content of Notice of Internet Availability.(i) Timing of Notice of Internet Availability.Final Rule-Alternative Method for Disclosure Through Electronic Media (4) 2019 Proposed Regulation and Request for Information.(1) Original Delivery Standards for ERISA Disclosures.This repetition of headings to form internal navigation links Headings within the legal text of Federal Register documents. This table of contents is a navigational tool, processed from the Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML Legal research should verify their results against an official edition of The official SGML-based PDF version on, those relying on it for The material on is accurately displayed, consistent with While every effort has been made to ensure that Regulatory information on with the objective ofĮstablishing the XML-based Federal Register as an ACFR-sanctioned The OFR/GPO partnership is committed to presenting accurate and reliable Register (ACFR) issues a regulation granting it official legal status.įor complete information about, and access to, our official publications Informational resource until the Administrative Committee of the Federal This prototype edition of theĭaily Federal Register on will remain an unofficial Each document posted on the site includes a link to theĬorresponding official PDF file on. The documents posted on this site are XML renditions of published Federal Register, and does not replace the official print version or the official It is not an official legal edition of the Federal This site displays a prototype of a “Web 2.0” version of the dailyįederal Register.
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