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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. |
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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 |
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Timetable:
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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 |