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Assessing Your Health Plan's Service Provider Compensation
Morgan Lewis Link to more items from this source
May 17, 2023

"Members of the ERISA plaintiffs' bar have signaled interest in seeking to hold health plan fiduciaries responsible for reviewing service provider compensation disclosures and ensuring that plans pay no more than reasonable fees for brokerage and consulting services. This may apply equally to unfunded and fully insured health plans ... Based on the types of claims and allegations raised in retirement plan excessive fee litigation, there are several action items health plan fiduciaries may consider to mitigate risk."

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