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What Disclosure Requirements Have Been Added for Group Health Plan Service Provider Agreements?
Thomson Reuters / EBIALink to more items from this source
[Guidance Overview]
June 3, 2021

"ERISA's prohibited transaction exemption for plan service arrangements has been amended to add extensive disclosure requirements that apply to certain types of arrangements beginning in December 2021.... For a covered service provider's compensation to be considered reasonable, the service provider must disclose specified information in advance and in writing to a responsible plan fiduciary[.]"

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