Q: We received a credit on our group medical insurance premium and now I hear we are receiving a refund of premium from our dental carrier; both are due to lower utilization of claims. What are my fiduciary responsibilities regarding these refunds and/or premium credits?
A: Employers who are subject to ERISA Compliance and receiving premiumcredits and/or refunds have fiduciary obligations. Any amount that qualifies as a plan asset under ERISA