These fiduciary best practices are a must for self-funded plan sponsors
Автор: Benefits Compliance Solutions
Загружено: 2025-09-04
Просмотров: 10
Описание:
For self-funded plan sponsors, putting fiduciary best practices in place is a must.
Everything that goes into being a true fiduciary of the plan can be overwhelming. Having the right tools and people in place goes a long way.
Best practices like:
Fiduciary committees - these help delegate specific duties to the right people in your organization
Fiduciary-related liability insurance - can dramatically reduce the actual risk to the organization
Having your plan documents reviewed by ERISA counsel - especially considering how self-funded plan documents often vary widely from traditional, fully-insured plan documents.
"Plan fiduciary" can be a loaded term. There's a lot there, of course - but these are great places to start
#fiduciaryduties #employeebenefits #benefitscompliance #groupinsurance #benefitsconsultant #trustedadvisor
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