In a recent Bloomberg Law interview, Lumelight’s Chief Legal Officer Jennifer Berman, J.D. weighed in on a new legal strategy targeting voluntary benefits—and why employers may face heightened fiduciary expectations in areas that have historically received less oversight.
As Jennifer notes, courts may soon expect employers to apply the same fiduciary discipline to health and welfare plans that has long been standard in the 401(k) world—committees, benchmarking, and documented oversight included.
The takeaway: health & welfare plans are entering a new fiduciary era.
We’ve built something at Lumelight to help employers adapt—without adding unnecessary burden. More information here.
