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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 406730
 
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Electronic Disclosure under ERISA: How to Effectively Use Technology without Sacrificing Compliance

Live Webinar
December 3, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$209Register Now
Can't Attend?   Audio & Reference Manual$209Add to Cart

Gain a better understanding of how to use technology while staying compliant under ERISA.

The IRS and the Department of Labor allow electronic communications such as email and web-postings to satisfy ERISA disclosure requirements, which offers a cost savings for benefit plans. Most benefit plans take advantage of technology to satisfy mandatory disclosure requirements, but many administrators are not aware of the specific rules that apply to these disclosures. Benefit plans that do not follow these rules are unknowingly out of compliance. The level of risk and exposure depends on the type of disclosure violation. Many requirements carry a potential penalty of $110 per day, but penalties are not the only concern. For example, failure to provide a summary plan description could result in an inability to enforce limitations and restrictions. Under certain circumstances, this could result in claims worth many thousands of dollars. The basic rules are fairly simple and worth taking the time to learn.

Learning Objectives

• You will be able to describe the IRS and DOL requirements necessary to electronically distribute ERISA disclosures.

• You will be able to explain why certain common practices such as the use of website postings do not meet the requirements.

• You will be able to identify employees who can receive electronic ERISA disclosures without providing affirmative consent.

• You will be able to recognize electronic ERISA disclosures that meet the IRS and DOL requirements.

Registration

Live Webinar$209Register Now
Can't Attend?   Audio & Reference Manual$209Add to Cart