For purposes of satisfying the written disclosure requirement for the alternative reporting option, is electronic disclosure such as e-mail or other web-based technology satisfactory?
Yes. Electronic disclosures can be used satisfy the written disclosure requirement for the alternative reporting option. There must be some record that affirmatively indicates that the “written materials” were received by the plan administrator, and those records must be retained in accordance with ERISAs recordkeeping requirements.
Related Questions
- For purposes of satisfying the written disclosure requirement for the alternative reporting option, is electronic disclosure such as e-mail or other web-based technology satisfactory?
- For purposes of completing the certification form, should e-mail residing on individuals computers be considered electronic material?
- Are there any exceptions to the requirement for an authorization for disclosure for marketing purposes?