The ERISA Fiduciary Crackdown is Here | with Jay Gepfert
"Within five years of calling us charlatans, that hospital system was sued for multiple millions of dollars by their participants... You can go from charlatan to change agent fast."
Is history about to repeat itself in the health benefits world?
My guest this week is Jay Gepfert, Managing Partner of Culpepper RFP.
Jay spent his corporate career on the retirement and 401(k) side of the industry, where he witnessed a massive fiduciary paradigm shift 15 years ago. Driven by regulatory changes and a wave of aggressive class-action lawsuits, traditional retirement "brokers" were forced to stop…
The skinny
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