Wednesday Oct 04, 2023

Companies Will Be Sued For Lack of Fiduciary Responsibility

The game has changed again. Employers and C-suite executives, roll up your sleeves. You now have more financial skin in the game. You could be sued or penalized for taking the status quo benefits renewal.

What is your plan to take responsibility to avoid setbacks, make costs reasonable, and provide better benefits for your employees?

In this episode, you will need to step up your game, Mister CFO, CEO, and owners/Partners.

Enhance the hiring process, which includes your benefits broker.
Better reporting mechanisms for data
Internal training to enforce a code of conduct
Create a framework for better outcomes
Foster a culture of accountability

The Consolidated Appropriations Act 2021 is going to be the next biggest challenge for employers since the Affordable Care Act of 2010. As an employer, the executives of the company will have to have more skin in the game. Will you?

For more information on Elite Benefits of America, contact Butch at 708-535-3006 or visit EliteBenefits.net