Health Plan Fiduciary Masterclass

If you sit on a health benefits committee, or you're the person your company defaults to as plan fiduciary, this session is your training. Ethos Benefits teamed up with Patrick Williams, co-founder of My Fiduciary Coach, for a deep, practical breakdown of what ERISA fiduciary responsibility actually means for health and welfare plans, and how to build a defensible process around it. Patrick walks through who legally qualifies as a fiduciary (hint: it's based on function, not title), the difference between fiduciary and settlor duties, how to structure a compliant health benefits committee with a written charter, and who should (and shouldn't) sit on it. He covers duty of loyalty and duty of prudence in plain terms, why documentation is the thing regulators and courts actually look at, and what your cybersecurity policy, fidelity bond, and fiduciary insurance need to cover. Ethos CEO Donovan Ryckis breaks down why the broker relationship is one of the strangest incentive structures in business, what to look for in a compensation disclosure statement, and why fighting for your claims data during renewal matters more than almost anything else. Ethos President Chelsea Ryckis connects each concept back to what a real fiduciary due diligence process looks like in practice. We also cover two cases reshaping this space right now: Cunningham v. Cornell, which lowered the bar for what plaintiffs need to allege to survive litigation, and the Tarr Yachts and Wesco cases against Blue Cross Blue Shield of Michigan, which show how third party administrators can be found to hold fiduciary status even when their contracts say otherwise. Attendees leave with a fiduciary decision tree, a sample compensation disclosure form, and a clear picture of what a documented, prudent governance process actually requires. Want help building this out for your own plan? Schedule a Strategic Analysis with Ethos Benefits: https://vist.ly/5b5j4 Finished with the content? Claim your CE credit here: https://vist.ly/5b5iz SHRM: Ethos Benefits is recognized by SHRM to offer professional development credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. HRCI: Ethos Benefits is approved to offer HRCI® recertification credits for this program. This program has been approved for 0.5 - 1 HR (General) recertification credit(s) toward aPHR®, PHR®, SPHR®, and GPHR® certification.