Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
September 14, 2005
Regs Proposed Regarding Electronic Transmissions

Proposed regulations recently issued by the Treasury Department and the Internal Revenue Service (IRS) are aimed at coordinating rules in existing guidance regarding the use of electronic media for:

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
  • Providing notices to employee benefit plan participants and beneficiaries, and
  • Transmitting elections or consents from participants and beneficiaries to employee benefit plans.

The proposed regulations specify that a plan could use electronic media under:

  • The consumer consent rules of the Electronic Signatures in Global and National Commerce Act (E-SIGN), or
  • An alternative, similar to the retirement plan rules for electronic transmission in effect before E-SIGN, which is less burdensome on employers and provides at least as much protection for participants.

In general, E-SIGN provides that electronic documents and signatures should be treated as having the same legal effect as paper documents and signatures.

A public hearing on the proposed regulations is scheduled for November 2, 2005. Written or electronic comments are due by October 12. The proposed regulations would not go into effect until they are adopted as final regulations.

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: