Plan Participants, Disclosure Requirements, Employee Retirement Income Security Act (ERISA)

Providing Info to Participants

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 4/7/2025

ERISA requires disclosure of certain plan documents to participants including a summary plan description, statements, and notices. The problem is what do you do with people who aren’t participants such as potential employees?...more

Courts Address Participant Standing to Challenge Fees and Payments Received by Group Health Plan Service Providers

Dorsey & Whitney LLP on 7/27/2023

As we recently suggested, ERISA disputes over the fees and expenses charged to employer or union sponsored group health plans may well become the next wave in ERISA litigation. At minimum, the Consolidated Appropriations Act...more

40% of plan participants don’t know what their fees are, most of the other 60% also have no clue

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 10/26/2021

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don’t fully understand the fees they are paying. Even with fee disclosure rules implemented in 2012, 41% of participants...more

The question of providing information

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 1/6/2020

ERISA requires disclosure of certain plan documents to participants including a summary plan description, statements, and notices. The problem is what do you do with people who aren’t participants such as potential employees?...more

Plan Participants › Disclosure Requirements › Employee Retirement Income Security Act (ERISA)

Providing Info to Participants

Courts Address Participant Standing to Challenge Fees and Payments Received by Group Health Plan Service Providers

40% of plan participants don’t know what their fees are, most of the other 60% also have no clue

The question of providing information

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