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Fee Disclosures Coming for Group Health Plans
Dickinson Wright PLLCLink to more items from this source
[Guidance Overview]
Apr. 27, 2021

"The CAA amends ERISA Section 408(b)(2) to require ... that certain service providers make fee disclosures to group health plans. These disclosures must be made in order for the contract with the service provider to be 'reasonable' and thus exempt from the prohibited transaction rules. The amendment is very similar to, and appears to be largely modeled after, the retirement plan fee disclosure rules."

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