YELLOW ALERT
Department of Labor Issues Final Rule on ERISA 408(b)(2)(B) Compensation Disclosure Requirements for PBMs
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Health Plan Reporting
As of Dec. 27, 2021, Section 202 bars an ERISA plan fiduciary from entering into an agreement with a service provider to provide “brokerage” or “consulting services” related to the plan’s medical, dental or vision benefits unless that service provider has first disclosed in writing the services that will be provided to the plan and