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While just over half of employers in a recent survey said it was very important for a private exchange to accept ERISA fiduciary responsibilities for the plans purchased on the exchange, the reality is employers cannot offload their fiduciary responsibility by moving to a private exchange, say legal experts.
Youre still talking about group benefits and youre still talking about the employer being the primary plan sponsor, says Glenn Dill, a consultant with herronpalmer LLC.
Andrea Davis is the former editor-in-chief of Employee Benefit News, the leading publication for the employee benefits industry. An award-winning journalist and editor, Andrea has covered the … Read full bio
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In addition to finding success with a self-funded model, an in-house program gives Fello's employees access to cost-free primary and urgent care.
Public sectors are approaching chronic disease support out of necessity, leading to benefits that build a stronger workforce.
The health and welfare leader and 2026 Excellence in Benefits honoree is guiding the bank in navigating them all.
Establishing policies that help with stressors like commuting logistics and finding after-school care can avoid disruption of in-office expectations.
Collaboration between employers, brokers and third-party administrators will be essential to developing customized, cost-effective and employee-friendly solutions.
