Benefit plan managers seem to be divided on whether distributing more plan notices electronically would have any effect on plan participants' inability to find, summon the energy to read, or understand the notices.
The Employee Benefits Security Administration (EBSA), an arm of the U.S. Labor Department, posted a request for comments about electronic disclosure requirements for benefit plans earlier this month.
Comments are not due until June 6, but EBSA already has posted 15 electronic disclosure comments, with many coming from managers at small and midsize employers and small benefits firms.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. 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 at [email protected] or on Twitter at @Think_Allison.
