§1030 Alternative methods of compliance

Summary

The Secretary can allow a different way to meet any rule here for a pension plan or group of plans, including pension-linked emergency savings, either on his own or after a plan administrator asks. He may do this only if three things are true: the alternative still meets the law’s goals and gives participants clear information and the Secretary needed reports; following the rule would raise costs or be an unreasonable administrative burden for that plan type; and following the rule would harm participants overall. The Secretary can make the alternative by regulation or in some other way. If he does it other than by regulation, he must give notice, let interested people present their views, and publish the alternative in the Federal Register.