This Handbook provides an overview of federal laws affecting the elderly and retirement issues. Information discussed includes age discrimination in employment, elder abuse & exploitation, power of attorney & guardianship, Social Security and other retirement and pension plans, Medicare, and much more in 22 pages of materials.
Erisa Rules For Electronic Delivery In Massachusetts
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US-001HB
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Reporting and Disclosure Requirements: Service providers must disclose compensation or other information related to their service arrangements upon the request of the responsible plan fiduciary or plan administrator, reasonably in advance of the date upon which such person states that they must comply with ERISA's ...
The IRS rules outline two methods for providing electronic notices: (1) affirmative consent, and (2) “effective ability to access.” This second rule requires (a) the electronic medium must be a medium that the recipient has effective ability to access, and (b) at the time the notice is provided, the recipient is ...
Summary Plan Description (SPD) Plan Document. Group Policy of Insurance (if applicable) Certificate of Insurance and/or Group Booklet (if applicable)
ERISA requires plans to provide participants with plan information including important information about plan features and funding; sets minimum standards for participation, vesting, benefit accrual and funding; provides fiduciary responsibilities for those who manage and control plan assets; requires plans to ...
§ 2520.104b-1 Disclosure. (a) General disclosure requirements. The administrator of an employee benefit plan covered by Title I of the Act must disclose certain material, including reports, statements, notices, and other documents, to participants, beneficiaries and other specified individuals.
A consent to receive plan disclosures electronically must explain what documents will be distributed electronically, that the consent can be withdrawn at any time, the procedures for withdrawing consent, the right to request paper copies of the document (and any applicable fees), and what software may be required to ...
The DOL's E-Delivery Rule allows retirement plan administrators to satisfy their information disclosure requirements under ERISA by distributing documents to employees electronically under a “notice-and-access” method.
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This Compliance Overview includes a set of frequently asked questions (FAQs) to help employers understand ERISA's requirements for reporting and disclosure. Many plans would like, as a default, to distribute retirement plan information electronically.Under the computerized ERISA Filing Acceptance System. (EFAST2), you must electronically file your 2023 Form 5500. Certain taxpayers must file Massachusetts tax returns and make payments electronically. Find out if you meet the requirements.