DOL/EBSA has filed suit against the fiduciaries of a health plan. The lawsuit states that breaches of fiduciary liability and the improper use of funds has caused the company's health Plan to be unable to pay $7,000,000 in claims. The EBSA has been active in opening new investigations along with filing suit and going
What it means. Why it matters. And the 4 levels of fiduciary liability you need to know about. Dear Employer, Fiduciary Liability is a scary term. A lot of professionals in the industry often exploit the fear of being held personally liable by the US government for making mistakes to sell you on their services.