Share your insights or perspective on the financial matter presented in the input.

Why can't 401(k) statements be delivered electronically?
Glad my question got bumped. I took it as a sign to get a solid answer out of Schwab. First the rep gave me the same line that it was impossible to provide paperless statements for a 401(k) plan because of "regulations". I pressed the issue and got this from the rep: I just spoke with our dedicated small business plan team. They told me   that there are regulations that state that a Qualified Plan, such as   this, require to have a statement sent. It is a Schwab policy that we   have decided to only allow paper statements for this account type. So to clarify, it is a Schwab business decision to have the statements   available only by mail. Hope someone from Schwab with some authority sees this post and is pushed toward helping change their policy. I can't imagine what a colossal waste of paper, postage, and hassle it is for everyone involved.