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DOL/EBSA | RIN: 1210-AC27 | Publication ID: Fall 2024 |
Title: ●Requirement to Provide Paper Statements in Certain Cases-Amendments to Electronic Disclosure Safe Harbors | |
Abstract:
This rulemaking would implement section 338(b) of the SECURE 2.0 Act of 2022. |
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Agency: Department of Labor(DOL) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: 29 CFR 2520.104b-1(c) 29 CFR 2520.104b-31 (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: Section 338(b) of SECURE Act 2.0 of 2022, Division O Consolidated Appropriations Act, 2023 (Pub. L. 117-328) |
Legal Deadline:
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Overall Description of Deadline: The Secretary shall, not later than 12/31/24, update 29 CFR 2520.104b-1(c) to provide that a plan may furnish the statements referred to in 105(a)(2)(E) of ERISA by electronic delivery only if, with respect to participants/ beneficiaries who first become eligible after 12/31/25, such plan furnishes them a notice on paper, prior to the electronic delivery of any statement, of their right to request that all required disclosures be furnished on paper in written form. |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Federalism: Undetermined | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jeffrey J. Turner Acting Director, Office of Regulations and Interpretations Department of Labor Employee Benefits Security Administration N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington, DC 20210 Phone:202 693-8500 |