Paper returns: 2026 retirement plan disclosure risks

In a Daily Journal article, LCW attorney Andrew Dorado explains that a new proposed rule from the U.S. Department of Labor, implementing provisions of the SECURE 2.0 Act, would require retirement plans to provide certain benefit statements in paper form even when electronic delivery is used. The rule would require at least one annual paper statement for defined contribution plans and one every three years for defined benefit plans unless participants opt into electronic delivery, which may increase compliance obligations and fiduciary risk. Although the rule is not yet final, it is expected to apply to plan years beginning after December 31, 2025, so employers should begin preparing now to update their disclosure practices and administrative processes.

View the full article here: https://www.dailyjournal.com/articles/390640-paper-returns-2026-retirement-plan-disclosure-risks