Overview of High-Performance Plan Design, Docs & Risk Management

A large part of responsibly managing a benefits plan is understanding the fiduciary duties, risks, and liabilities that come with having others well-being and future in yours (and your clients) hands, and actively implementing and managing the plan accordingly.

Increasingly, ERISA-regulated health plan spending is getting the spotlight for creating immense potential liability for companies, officers, directors, board members, even health insurers. ERISA is the regulatory framework that sits over retirement benefits and health benefits. In other words, for an employer or plan sponsor, ERISA is the accountability metric to ensure good stewardship with funds. You can view a sample ERISA Plan Document Checklist here.

Please read and review the ERISA Fiduciary Risk chapter below.