The hidden pitfalls of DIY benefits implementations

Kim ShumateThought Leadership

Successfully implementing a new health and welfare benefits administration system is a complex, high-stakes process that requires careful planning, thorough data validation, and expert coordination across multiple vendors. Plan sponsors who attempt to manage this transition alone often face significant challenges.

Is your benefits committee up to par? Here’s how to be sure

Mindy Zatto, FSA, EA, FCA, CPPT and Robin PowellThought Leadership

To defend themselves against ERISA violations, plan sponsors need to understand their fiduciary obligations. As the parties generally responsible for plan oversight, benefits committees play a central role in minimizing compliance risk.

Governance basics every plan sponsor should know

Mindy Zatto, FSA, EA, FCA, MAAA, MSPPA and Leslie Olds, FSA, EA, FCA, MAAAThought Leadership

How do plan sponsors operate and administer employee benefit plans in a manner that is both effective and compliant with applicable regulatory and fiduciary obligations?

Why you should encourage ‘mini’ retirement plan audits

Robin PowellThought Leadership

“Audit” is practically a four-letter word for plan sponsors, advisers and administrators. But an audit doesn’t have to be a bad thing.

What happens when you squeeze a vendor too tight

Andy Adams and Jay Schmitt, ASAThought Leadership

When a plan sponsor (or search specialist working on the plan sponsor’s behalf) squeezes a vendor too tight, the resulting contract may come with an attractive price tag, but it will set plan sponsors up for a downstream nightmare of quality and service issues that negatively impact both plans and their participants.