Final electronic delivery guidance for plan administrators

Good morning everyone. I hope all of you are doing well, and that your business is hanging in there. This morning the Department of Labor issued their final rule creating a new, additional method for plan administrators to use to deliver certain benefit plan documents to participants and beneficiaries electronically. I am still studying the…

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New documents impacting benefit plan administrators released

Good morning everyone. Yesterday, various government agencies released a number of new documents that impact – right now – the administration of benefit plans including: Final regulations (U.S. Treasury Department and the Internal Revenue Service) – extending certain deadlines including (a) HIPAA special enrollment periods – e.g., deadline for a participant to add a new…

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Coronavirus and employee benefits

Hi everyone. Thank you again for participating in our calls the past few weeks. I am very grateful to each of you. New Retirement Plan Rule Coming Very Soon. I understand that final regulations expanding electronic disclosure for retirement plans have been sent to the White House Office of Management and Budget, which is typically…

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ERISALINC provides legal insight, news, and commentary from McAfee & Taft's Employee Benefits & Executive Compensation attorneys.

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