As a 401(k)-plan sponsor, the new Department of Labor (DOL) rules that allow for the electronic delivery of important ERISA notices is a no brainer.
You will no longer have to deal with the mailings and the bounced back mail, only to deal with the bounced back email messages, as well as collecting email addresses for your employees to allow for delivery in the first place There will be some annoying housekeeping details that needed to be done to get this going, but in the overall scheme of things, so much time and money will be saved by going through the e-disclosure route. Saving paper and saving stamps may allow for fees to be lowered for plan participants, especially if you pay a mail charge.
