Health plan providers may face the similar detailed fee disclosure requirements as retirement plan providers under the Department of Labors (DOL) 408(b)(2) regulations. ERISA Diagnostics Inc., a benefits consulting firm, called this prospect to the attention of its clients in a recent ERISA Alert after digging through the fine print of the Obama Administrations FY 2016 budget proposals.
The firm also pointed to recent litigation that has trained the spotlight on fees charged by health plan administrators that have been deemed to violate their fiduciary duties to the plan.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access