SIFMA today released the following statement from Lisa J. Bleier, SIFMA Managing Director and Associate General Counsel regarding a new rule proposal from the Department of Labor (DOL) on electronic delivery of retirement plans disclosures:
“We support this commonsense and environmentally-friendly effort to modernize the transfer of retirement information in a digital age, which is consistent with the way Americans want to receive information. Participants of all ages and incomes increasingly prefer to access information online and believe that doing so makes it easier to act on the information.”