Updated August 24, 2023 SECURE 2.0 introduced a number of provisions that seek to lessen the administrative burden for employers sponsoring retirement savings programs. Among them, several provisions impacting required plan notices and disclosures. The Department of Labor…
SECURE 2.0: Updated Paper Statement Requirements Allow Room for Electronic Delivery
Updated August 24, 2023 Another provision of SECURE 2.0, in Section 338, has modified the requirement to provide paper account statements effective with plan years beginning after December 31, 2025. Before SECURE 2.0, electronic delivery of these statements was…