Director, Office of Regulations and Interpretations

1210-AC09 202110 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1210 Employee Benefits Security Administration EBSA 1200 Department of Labor DOL Improving Participant Engagement and Effectiveness of ERISA Retirement Plan Disclosures

This regulatory action is to explore ways to improve the effectiveness of retirement plan disclosures required under Title I of the Employee Retirement Income Security Act, balanced with the cost to plans and plan participants and beneficiaries of providing such disclosures. The Department of Labor’s Employee Benefits Security Administration (EBSA) intends to start by consulting with a diverse set of stakeholders, including participant representatives, employers sponsoring ERISA retirement plans, and retirement plan service and investment providers, to explore alternatives for improving the understandability and effectiveness of such disclosures. More specifically, the review would explore whether, and how, the content, design, and delivery of such disclosures may be reimagined, improved, consolidated, standardized, and simplified to enhance participants’ disclosure experiences, promote greater participant engagement, and improve outcomes.

]]> Other Significant First Time Published in The Unified Agenda Prerule Stage Undetermined Undetermined Not Yet Determined 29 U.S.C. 1135 (ERISA sec. 505) 29 U.S.C. 1030 (ERISA sec. 110) No Stakeholders Meeting 12/00/2021 Undetermined Undetermined Undetermined Undetermined No No Jeffrey Turner J. Director, Office of Regulations and Interpretations 1210 Employee Benefits Security Administration EBSA 202 693-8500 Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington DC 20210