View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

DOL/EBSA RIN: 1210-AB90 Publication ID: Spring 2020 
Title: Default Electronic Disclosures by Employee Pension Benefit Plans Under ERISA 
Abstract:

This regulatory action is being finalized in response to Executive Order 13847, Strengthening Retirement Security in America, and will reduce the costs and burdens imposed on employers and other plan fiduciaries responsible for the production and distribution of retirement plan disclosures required under title I of the Employee Retirement Income Security Act, as well as ways to make these disclosures more understandable and useful for participants and beneficiaries, by allowing disclosure via internet posting or by email, as a default.

 
Agency: Department of Labor(DOL)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
CFR Citation: 29 CFR 2520.104b   
Legal Authority: 29 U.S.C. 1024 (ERISA sec. 104)    29 U.S.C. 1029(c) (ERISA sec. 109(c))    29 U.S.C. 1030 (ERISA sec. 110)    29 U.S.C. 1135 (ERISA sec. 505)    E.O. 13847, 83 FR 45321 (August 21, 2018)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/23/2019  84 FR 56894   
NPRM Comment Period End  11/22/2019 
Final Rule  05/27/2020  85 FR 31884   
Final Action Effective  05/27/2020 
Final Rule Applicability Date  05/27/2020 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: Yes 
RIN Data Printed in the FR: Yes 
Agency Contact:
Jeffrey J. Turner
Deputy Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500