safe harbor

In October, the U.S. Department of Labor released a proposed rule that would increase plan administrators’ ability to make certain required ERISA pension disclosures through electronic, rather than paper, delivery.  Below is a summary of the proposed rule with some highlights on aspects of the proposal that have been questioned by interested parties and might be changed.
Continue Reading DOL Proposal for Electronic Disclosure of ERISA Pension Documents

Regulatory safe harbors play a critical role in the design of employee benefit plans by:

  • Providing concrete guidance on how to comply with the complex rules that govern plans;
  • Facilitating efficient, effective and consistent plan administration; and
  • Encouraging employers to establish and continue their employee benefit plans and furthering participants’ understanding of the rules.