Validation Institute Announces New Program to Help Employers Find Fiduciary-Compliant Benefits Firms
Summary
This initiative identifies and validates fee-based benefits firms that operate with transparency and objectivity, ensuring employers get the best value and advice, free from vendor, carrier and PBM influence. Under new guidelines, Validation Institute will evaluate the revenue models of benefits firms that provide consulting and procurement services for employers. Furthermore, to give employers peace of mind, validated firms will be backed by a strong $100,000 credibility guarantee from the Institute, demonstrating its commitment to quality and trust. "We are proud to provide this service for employers so they can improve the financial and physical health of their organizations," Mr. Lewis continued. Validated benefits firms are best equipped to help employers fulfill their fiduciary responsibilities, reduce costs, and improve value for employees.