New DOL Electronic Disclosure Rules for ERISA-Covered Retirement Plans: Critical Next Steps and Legal Ramifications
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide guidance to ERISA counsel on the key provisions of the new Department of Labor (DOL) rules regarding electronic disclosures for ERISA-covered retirement plans. The panel will discuss the new alternative safe harbor, notice requirements, website standards, and key next steps and potential legal ramifications for fiduciaries and plan administrators.
Outline
- Overview of DOL e-disclosure final regulations
- Documents not subject to the new rules
- Notice requirements under IRS regulations
- Health and welfare plans
- The 2002 regulations
- Covered individuals
- Disclosure methods, requirements, and pitfalls to avoid
- Initial notices
- Notice of internet availability
- Website standards
- Additional issues and best practices for compliance
- Rights of participants
- Issues with delivery
- Direct emails
- Procedures upon severance
Benefits
The panel will review these and other key issues:
- How do the DOL final regulations on electronic disclosures differ from the proposed rules?
- What are the provisions and related issues of the new safe harbor rules for specific retirement plan-related documents?
- What are the compliance issues for plan fiduciaries and administrators and methods to overcome them?
Faculty
Laura Miller Andrew
Counsel
Smith Gambrell & Russell
Ms. Andrew advises clients in all major aspects of employee benefits including qualified and nonqualified plans, IRS... | Read More
Ms. Andrew advises clients in all major aspects of employee benefits including qualified and nonqualified plans, IRS and DOL compliance matters, merger and acquisition issues, executive compensation, and employment agreements. She also concentrates her practice in health care related matters, including health care reform legislation, compliance with HIPAA, federal and state health care anti-fraud laws, such as anti-kickback statute, and Stark Law. Ms. Andrew also advises nursing homes, assisted living facilities, medical device, and life sciences organizations regarding compliance with state and federal regulatory requirements.
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R. Brent Gambill
Attorney
R. Brent Gambill Law Office
Mr. Gambill has significant breadth and depth of experience to help clients achieve their benefits and executive... | Read More
Mr. Gambill has significant breadth and depth of experience to help clients achieve their benefits and executive compensation goals. He evaluates current benefit plans for improved utility; designs retirement and welfare benefit plans, nonqualified deferred compensation plans, cash and stock-based incentive programs, and other compensation and bonus programs. Mr. Gambill deals with HIPAA privacy regulations, Family Medical Leave Act, disability, military, and other leaves of absence, and drafts executive employment and severance agreements. He is accredited by the Department of Veterans Affairs to advise, counsel, and represent veterans as to claims for VA benefits.
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Timothy S. (Tim) Klimpl
Counsel
Carmody Torrance Sandak & Hennessey
Mr. Klimpl is a seasoned attorney with experience providing ERISA advice and related services to a variety of plan... | Read More
Mr. Klimpl is a seasoned attorney with experience providing ERISA advice and related services to a variety of plan sponsors and employee benefit plans, including corporate, nonprofit, multiemployer and governmental plans providing retirement, health, disability, dental and other welfare benefits. In the field of executive compensation, he has assisted both employers and employees with equity and incentive compensation, nonqualified deferred compensation, Section 409A questions, and executive employment and severance agreements. Among other industries, Mr. Klimpl has represented clients in the financial, construction, medical, fashion, real estate, and legal industries. He chairs the Fairfield County Bar Association Employment Law Committee.
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