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Digital Tweaks May Not Stop at Retirement Info: Benefits Lawyers

Oct. 25, 2019, 12:27 PM

Benefits professionals are billing the administration’s long-awaited rewrite of electronic disclosure rules as a step in the right direction for digitally savvy retirees and—hopefully, they say—forward-thinking health and welfare providers.

The proposed changes, which follow through on President Donald Trump’s push for enhanced retirement security from 2018, would allow qualified retirement plan administrators to alert clients that certain information is available online rather than sending out paper copies of everything. Participants who prefer hard copies for their files could opt out of the e-delivery chain.

Groom Law Group attorney Michael Del Conte said the regulatory update ...