It’s no secret, employee benefits are complicated. We’re here to break things down and help you build a roadmap for your approach to benefits. Together with our expert guests, we’ll explore complex, counterintuitive and compelling topics that give you a better understanding of the “whys” of the industry.
Regulatory Reality Check for Employers
In this episode of The Benefits Breakdown, the team is joined by Jessie Campbell, National Practice Leader for Brown & Brown’s Regulatory and Legislative Strategy Group, to break down the growing fiduciary and compliance challenges facing employers. Jessie explains how standards once focused on retirement plans are now being applied to health and welfare benefits, increasing expectations around governance, documentation, and oversight.
The discussion covers practical steps employers can take, including formalizing benefits committees, benchmarking fees, understanding vendor compensation, and carefully managing emerging risk areas such as voluntary benefits, GLP-1 weight loss drugs, and wellness surcharges. The key takeaway is that many employers are already doing the right things, but clear documentation, consistent communication, and disciplined processes are now essential to reducing fiduciary risk.
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