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Experts Demand Stricter ERISA Regulations Amid Fiduciary Breaches

4/10/2025

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Summary

Story summary

Scholars Amy B. Monahan and Barak D. Richman are calling on the U.S. Department of Labor to impose stricter regulations on health care plan fiduciaries under ERISA, as soaring costs and negligence become pressing issues. Class-action lawsuits against firms like JPMorgan reveal serious fiduciary breaches, prompting experts to advocate for greater transparency and robust fiduciary practices to protect employers from legal pitfalls.

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Story summary

Scholars Amy B. Monahan and Barak D. Richman are calling on the U.S. Department of Labor to impose stricter regulations on health care plan fiduciaries under ERISA, as soaring costs and negligence become pressing issues. Class-action lawsuits against firms like JPMorgan reveal serious fiduciary breaches, prompting experts to advocate for greater transparency and robust fiduciary practices to protect employers from legal pitfalls.