GAO Examines Electronic Delivery

In "Electronic Disclosure: Which Way Are We Going?", Covington & Burling writes:

"A recent GAO Report offers interesting insight into the Department of Labor’s thinking on electronic disclosure.

For the better part of the last ten years, many plan sponsors and service providers have been pushing for more flexibility to provide required disclosures electronically. In particular, they have asked the Labor and Treasury Departments to replace an existing “opt in” regime with an “opt out” regime. Instead of requiring affirmative consent to distribute communications electronically, many plan sponsors and service providers would like the default to be electronic disclosure–with an opportunity to elect to receive paper."

The GAO report is available here.

To read more from Covington & Burling, click here.

ERIC members and trial members can read more here.