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New DOL Electronic Disclosure Rules for ERISA-Covered Retirement Plans: Critical Next Steps and Legal Ramifications
August 12 @ 1:00 pm - 2:30 pm
Attorney Tim Klimpl will co-present “New DOL Electronic Disclosure Rules for ERISA-Covered Retirement Plans: Critical Next Steps and Legal Ramifications” for Strafford Publications.
About the Program
On May 21, 2020, the DOL issued final regulations for electronic disclosures for retirement plans and an alternative safe harbor method of delivery by administrators. Employee benefits counsel must have a complete understanding of the application of the new rules and related compliance issues to avoid missteps and potential claims.
The final regulations and new safe harbor does not replace the DOL e-disclosure rules of the 2002 regulations but instead provides a broader scope for disclosure of plan documentation. The application of the new rules to retirement plans presents several administrative issues and compliance pitfalls due to stringent requirements and limitations.
ERISA counsel, fiduciaries, and administrators must adhere to strict notice requirements, delivery methods, rights of participants, and necessary procedures upon severance.
Listen as the panel discusses critical provisions of the new DOL rules for electronic disclosures for ERISA-covered retirement plans and offers best practices to minimize potential legal ramifications for fiduciaries and plan administrators.
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