Electronic Disclosure Safe Harbor for Retirement Plan Docs

The DOL proposed an alternative safe harbor allowing plan administrators to furnish required documents to “covered individuals” (e.g., participant, beneficiary) without requiring affirmative consent. This option applies to covered documents (e.g., summary annual reports; blackout notices). The administrators must give an initial notice that this alternative safe harbor will be used. The alternative safe harbor does not apply to documents that a person requests in writing.