Bipartisan legislation was introduced Tuesday to allow 401(k) participant communications to be deliveredelectronically.

Rep. Jared Polis, D-Colo., and Rep. Phil Roe, R-Tenn.,introduced the bipartisan Receiving Electronic Statements toImprove Retiree Earnings (RETIRE) Act, which they said would“ensure employers make retirement information easilyaccessible online, while providing protections for employees whoprefer to receive paper documents.”

Under current law, the lawmaker said, “employers are required towaste significant money and paper mailing documents like notices,disclosures and statements to retirees.”

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Melanie Waddell

Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.