Helping You Navigate Health Plan Fiduciary Responsibilities
At GBS, compliance is in everything we do for our clients.
Our experienced team provides a wide array of brokerage services and support that are designed with laws and regulations in mind – to help you achieve and maintain compliance in all aspects of your company’s benefits strategy.
Staying Ahead of Compliance Risks
There is currently heightened scrutiny on fiduciary oversight of group health insurance plans. The Department of Labor has stepped up efforts to audit Welfare Benefit Plans and plaintiff law firms are now proactively seeking to file class action lawsuits against fiduciaries and plan sponsors.
We work in collaboration with CPA firms to help their clients mitigate exposures to costly regulatory penalties or possible lawsuits, due to fiduciaries potentially breaching their compliance duties in this complex area.
GBS is committed to providing you with an unbiased benefits plan assessment in addition to advising employers on how to implement best practices in this increasingly visible area of their businesses.