The white paper discusses those new responsibilities for employers and their partners. Within the DOL guidance, key definitions are established with a major focus on the definition and scope of "investment advice." As it pertains to employers, the paper outlines several aspects of potential oversight responsibilities to employers to ensure that the vendors and providers they use in the administration of these plans meet the requirements. The timeline for these regulations to be implemented, as well as the potential for delay, are also highlighted.
Download a copy of the DOL Fiduciary Standard white paper today on HSA Bank's website at:
About HSA Bank:
HSA Bank is a trusted leader in consumer-directed healthcare focusing on Health Savings Accounts (HSAs) since the beginning, serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions such as HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefits. We offer one platform and one portal for all consumer-directed accounts with a reputation for outstanding service. HSA Bank empowers 2 million members to own their health. HSA Bank, with nearly $5 billion in total assets, is a division of Webster Bank, N.A., Member FDIC.
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SOURCE HSA Bank