Employee plans have embraced the use of AI to personalize communications, perform routine administrative tasks, to process benefit claims and appeals, and also to review plan investments. It may sometimes seem like a new world in which many tasks can simply be outsourced, and the time savings are undeniable. Yet we all know that AI
Cohen & Buckmann Insights
Blog Authors
Latest from Cohen & Buckmann Insights
Attention ERISA Fiduciaries: New Decision Shows the Hidden Risks of Incomplete SPDs
Do you carefully review communications prepared by your recordkeeper? A court may rewrite the provisions of your plan if you don’t.Incomplete or inaccurate notices and SPDs are more common than you think and can be a hidden trap for fiduciaries who simply pass vendor materials on without checking them. The use of AI to draft…