Starting July 27, a new rule from the Department of Labor (DOL) will allow retirement plan administrators to use email, texts, and websites as a default means to provide participants and beneficiaries the required documents about their retirement plans. The “Default Electronic Delivery by Employee Pension Benefit Plans under ERISA” rule from the DOL upends the current system which provides hard copy disclosures through the mail, but allows retirement plan participants and beneficiaries to opt into e-delivery, if they would prefer.
Letter carriers who want to maintain paper as their default must contact a DOL benefits advisor at 1-866-444-3272 for help.