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Lack of E-mail Can Cost a Company $15,000

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Posted February 11, 2010 By -     Feedback

The U.S. Department of Labor has gone paperless as of the first of the year.

The U.S. Department of Labor has gone paperless as of the first of the year.

As of January 1, 2010, any company with a 401k plan and no e-mail access could be fined $15,000 by the U.S. Department of Labor (DOL).

"In an effort to be more environmentally friendly, the DOL has gone 'paperless' starting the first of the New Year," writes TMCnet's Kelly McGuire. "And, according to the DOL, there are no exceptions for this requirement."

"And for companies without Internet access or e-mail, thereb .s a possibility of a $15,000 penalty," McGuire writes.

Click on the following to read the TMCnet article: No E-mail? Department of Labor May Fine Your Business $15,000

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