On Oct. 22, the Department of Labor (DOL) released a proposed rule that would provide the ability to default participants into electronic disclosure of certain required participant documents. This week, we’d like to know what you think, and how you’d improve/modify that proposal, if at all.
As currently presented, the proposal is estimated to save plans and participants $2.4 billion over the next decade. The proposal — which fulfills a key component of President Trump’s August 2018 retirement security Executive Order — would allow plan administrators who satisfy specified conditions to provide participants and beneficiaries with a notice that certain disclosures will be made available on a website.
The proposal also sought comments on a couple of key areas — and suggestions for how to improve these disclosures. And while you can certainly respond on your own, this week we’d like to know what you think, as we prepare to comment to the DOL on the proposal.
That’s right — this is your chance to weigh in — you can do so at https://www.research.net/r/TPAgrowthdisclosure
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