Compliance News | February 22, 2021
This compliance plan represents a summary of the major implementation steps associated with the No Surprises Act and Final Transparency Rule.
The Departments of Labor, Treasury, and Health and Human Services are required to issue regulations implementing the No Surprises Act by July 2021, and implementing the Independent Dispute Resolution entity requirements by the end of 2021.
Plan sponsors should continue to monitor federal regulatory and sub-regulatory guidance on the
requirements. Plan sponsors should consult with legal counsel as to the applicability of these laws to their plan and its operations.
Segal is available to assist plan sponsors in all aspects of compliance with these requirements.
The compliance plan covers a range of major areas, with space for plan sponsors to assign the:
You'll find action items related to:
If you have questions about how to use the compliance plan, just get in touch.
This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.
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