notices

Proposed DOL Rule Makes Electronic Delivery the Default Method for Plan Participant Required Notices
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
In the past 17 years, since the Department of Labor promulgated its safe harbor rules for electronic delivery of required notices under ERISA, electronic delivery has slowly become the norm. As plan sponsors and recordkeepers alike strive for administrative efficiency and lower costs, it only makes sense that many prefer electronic delivery of notices. It  Read More →
Lost & Found: Locating Missing Participants
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
At one time or another all plan sponsors will likely be in the position of having to locate missing participants. This may be related to delivery of regulatory required communications, distributing of assets, or communicating fund changes to active and/or terminated participants. If the delivery of necessary communications is encumbered because a participant cannot be  Read More →
Can I Send Participant Notices Electronically? A Brief Guide to e-Delivery
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
The number of notices and disclosures required to retirement plan participants has increased while methods to access information has changed drastically. Many people receive their news and information on electronic devices through apps and social media. What remains the same is the Department of Labor’s (DOL’s) guidance about permissible methods to provide notices electronically. There  Read More →

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