Applying a Fiduciary Standard to Health Care Benefits

Many retirement plan sponsors have made it a regular practice to monitor and benchmark all plan fees to ensure they are fair and reasonable for services provided. Now under the Consolidated Appropriations Act, all plan sponsors are now required to attest that their fees for health care plans are fair and reasonable for services provided. Now is the time to put in place a fiduciary process for your health care plans. Learn how to apply fiduciary responsibility and transparency to health care as you have for your retirement plan.