Safe Harbor Rules for Disclosure of Employee Benefit Plan Information
The Internal Revenue Service (IRS) issued proposed rules under
the Employee Retirement Income Security Act of 1974, as amended
(ERISA), concerning the disclosure of certain employee benefit
plan information through electronic media and standards for the
maintenance and retention of employee benefit plan records in
electronic form.
On April 9, 2002, the DOL’s Pension and Welfare Benefits
Administration (PWBA) issued final safe harbor rules for
disclosure of employee benefit plan information to participants
and beneficiaries, as well as rules regarding the maintenance and
retention of employee benefit plan records in electronic form. Prudential has
published a summary of this rule.
