September 10, 2025The Journal of Law Medicine & Ethics
ERISA and the Failure of Employers to Perform Their Fiduciary Duties: Evidence from a Survey of Health Plan Administrators
Authors
Discussion
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Implication
Survey reveals employers neglect fiduciary obligations in health benefits management, suggesting liability risks.
Key Points
- Many employers overlook basic fiduciary obligations, impacting employee health benefits negatively.
- The survey found that neglect in fiduciary duties may lead to poor performance in controlling health care costs.
- Employers face potential liability risks from ERISA lawsuits due to neglect of their responsibilities.
- ERISA's fiduciary obligations were established to ensure employee well-being but are frequently unmet by employers.
Cite This Study
Richman et al. (2025) studied this question.