Any business that offers group health insurance and is subject to the Employee Retirement Income Security Act (ERISA) needs to have plan documents in place, including a summary plan description (SPD). Every broker knows that most companies do not have an SPD in place. While the risk is higher for plans without a SPD, […]
On Thursday, March 14, 2018 the United States 5th Circuit Court of Appeals vacated the federal Department of Labor’s recent rule on fiduciary standards for investment advisors by a 2-1 vote. The regulation, which was promulgated by the Obama Administration and then became partially effective last June under the Trump Administration, changed the test for […]