In this episode of the Everyday Business Problems podcast, Dave Crysler welcomes Chris Lokken from the Christiansen Group, an expert with over 25 years of experience in employee benefits and risk management. They dive into the complex world of fiduciary rule changes and how these regulations impact employer-sponsored health benefit plans. Chris breaks down the legal and financial risks businesses face and highlights the importance of staying informed about fiduciary responsibilities to avoid costly liabilities. This episode is a must-listen for business leaders navigating the evolving landscape of employee benefits, compliance, and risk management.

What You'll Discover:

• The significance of fiduciary rule changes and how they affect health benefit plans.
• Common risks employers face in managing health benefits and fiduciary responsibilities.
• How fiduciary liability lawsuits are reshaping the landscape for businesses.
• Practical steps employers can take to mitigate fiduciary risks and ensure compliance.
• Why understanding your health benefit plan contracts is crucial for risk management.
• Tips for business leaders on how to stay ahead of fiduciary rule changes and protect their organizations.