Notice & DisclosureAnnual
Broker & Consultant Compensation Disclosure
CAA 2021 § 202; ERISA § 408(b)(2)(B)
Brokers, consultants, and other service providers to group health plans must disclose all direct and indirect compensation expected to be received for services. Includes commissions, fees, bonuses, overrides, and any other compensation. Disclosure must be made to the responsible plan fiduciary.
ResponsibleBroker
Deliver ToResponsible plan fiduciary (employer/plan sponsor)
DeadlineReasonably in advance of entering into or renewing a service contract or arrangement
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