Good Faith Compliance Standard Announced for Broker Compensation Disclosure Requirements
Compliance Now
JANUARY 3, 2022
By: Jennifer Berman, CEO, MZQ Consulting. Among its many new requirements for employee benefit plans, the Consolidated Appropriations Act, 2021 (CAA) created new compensation disclosure requirements related to group health plans. Specifically, the new rules require brokers and consultants anticipated to earn $1,000 or more in direct or indirect compensation related to group health plans to disclose that compensation to the plan sponsor reasonably in advance of entering into an agreement to provi
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