401(k) Specialist Issue 1 - 2021 - 19

401(k) REGULATION
eliminating materials, printing, and mailing
costs associated with furnishing printed
disclosures.
He added a surprising caveat; a possible
return to a paper disclosure default, something
for which two major trade groups are
lobbying.
" That would be bad policy. We utilize
improvements in technology in every area
of our lives, and we should do the same
with 401(k) administration. "
Notably, electronic delivery potentially
helps with the missing participant issue. He
reiterated that the best way to avoid missing
participants is simply to not lose them. If an
email address is invalid and bounces back,
employers are immediately aware that the
participant is missing. The electronic disclosure
rule then requires the employer to
promptly remedy the defective address.
" People also tend to keep their personal
email addresses much longer, even after
they've changed their physical address, "
Rutledge explained. " So, it all comes together
in a way that helps not just participant
disclosure, but also helps employers
not to lose track of their employees once
they've left employment. "
Environmental, Social, and Governance
The outlook has brightened substantially
for the inclusion of ESG investment
options with qualified plans, especially
when comparing the new administration's
attitude on the subject with its predecessor.
Indeed, The Washington Post reported in
January that President Biden has ordered
a review of a " recent Labor Department
rule preventing environmentally sustainable
mutual funds from being default retirement
investments. "
" The guidance isn't so much
about finding missing participants,
rather best practices for not losing
them in the first place. "
" The Biden administration will approach
ESG in a way that accommodates the use
of ESG-themed funds, perhaps as the plan's
qualified default investment, " Rutledge
agreed. " That's the one line that the last
administration would not cross. "
A complicating factor is that the Trump
administration's ESG rule is final and
effective and, therefore, cannot be pulled
back quickly and easily. How the Biden
administration accomplishes its ESG goals,
ISSUE 1 2021 | 401kSpecialist.com
17

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401(k) Specialist Issue 1 - 2021

Table of Contents for the Digital Edition of 401(k) Specialist Issue 1 - 2021

Table of Contents
401(k) Specialist Issue 1 - 2021 - Cover1
401(k) Specialist Issue 1 - 2021 - Table of Contents
401(k) Specialist Issue 1 - 2021 - 1
401(k) Specialist Issue 1 - 2021 - 2
401(k) Specialist Issue 1 - 2021 - 3
401(k) Specialist Issue 1 - 2021 - 4
401(k) Specialist Issue 1 - 2021 - 5
401(k) Specialist Issue 1 - 2021 - 6
401(k) Specialist Issue 1 - 2021 - 7
401(k) Specialist Issue 1 - 2021 - 8
401(k) Specialist Issue 1 - 2021 - 9
401(k) Specialist Issue 1 - 2021 - 10
401(k) Specialist Issue 1 - 2021 - 11
401(k) Specialist Issue 1 - 2021 - 12
401(k) Specialist Issue 1 - 2021 - 13
401(k) Specialist Issue 1 - 2021 - 14
401(k) Specialist Issue 1 - 2021 - 15
401(k) Specialist Issue 1 - 2021 - 16
401(k) Specialist Issue 1 - 2021 - 17
401(k) Specialist Issue 1 - 2021 - 18
401(k) Specialist Issue 1 - 2021 - 19
401(k) Specialist Issue 1 - 2021 - 20
401(k) Specialist Issue 1 - 2021 - 21
401(k) Specialist Issue 1 - 2021 - 22
401(k) Specialist Issue 1 - 2021 - 23
401(k) Specialist Issue 1 - 2021 - 24
401(k) Specialist Issue 1 - 2021 - 25
401(k) Specialist Issue 1 - 2021 - 26
401(k) Specialist Issue 1 - 2021 - 27
401(k) Specialist Issue 1 - 2021 - 28
401(k) Specialist Issue 1 - 2021 - 29
401(k) Specialist Issue 1 - 2021 - 30
401(k) Specialist Issue 1 - 2021 - 31
401(k) Specialist Issue 1 - 2021 - 32
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401(k) Specialist Issue 1 - 2021 - 34
401(k) Specialist Issue 1 - 2021 - 35
401(k) Specialist Issue 1 - 2021 - 36
401(k) Specialist Issue 1 - 2021 - 37
401(k) Specialist Issue 1 - 2021 - 38
401(k) Specialist Issue 1 - 2021 - 39
401(k) Specialist Issue 1 - 2021 - 40
401(k) Specialist Issue 1 - 2021 - 41
401(k) Specialist Issue 1 - 2021 - 42
401(k) Specialist Issue 1 - 2021 - 43
401(k) Specialist Issue 1 - 2021 - 44
401(k) Specialist Issue 1 - 2021 - 45
401(k) Specialist Issue 1 - 2021 - 46
401(k) Specialist Issue 1 - 2021 - Cover3
401(k) Specialist Issue 1 - 2021 - Cover4
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