Rock, paper, electronic? SECURE 2.0’s annual paper statement rule

The Department of Labor's proposed SECURE 2.0 regulations introduce a significant change to retirement plan statement delivery. Beginning in 2026, paper delivery will become the default for newly eligible participants, shifting away from the current electronic default.

This adjustment impacts both defined contribution and defined benefit plans, necessitating a review of current practices. Advisors and plan sponsors should proactively assess their communication strategies to ensure compliance and effective participant engagement.

Understanding these nuances is crucial for navigating this evolving regulatory landscape.