Plan e-doc delivery would save trees, but could it also increase plan participant engagement? (Photo: Shutterstock)
The Labor Department has released a long-awaited proposed rule that would facilitate wider electronic delivery of required plan documents to retirement savers in workplace plans.
While a seemingly uncontroversial idea on its face, regulators, plan sponsors, and service providers have been wrestling with the concept for the better part of two decades.
The proposed rule establishes a new safe harbor for electronically delivering plan documents on top of an existing safe harbor promulgated in 2002.
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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.
