On May 27, 2020 the DOL published new safe harbor regulations for plan administrators to electronically deliver required disclosures to retirement plan participants and beneficiaries. This new safe harbor was put into place to take advantage of constant technological changes and to ease administrative challenges and costs. These new regulations do not replace the 2002 safe harbor, they simply provide an alternative method for providing notices using electronic media. Plan administrators have flexibility when selecting which option would work best for their participants and beneficiaries.
