NOTE: The following questions and answers are by way of example only and do not constitute, nor should they be understood as, legal advice intended to be relied upon by any SurveyMonkey customers. We recommend that you obtain independent legal advice with respect to your organization's specific regulatory and legal obligations.

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* 1. When an employer sponsors a self-funded health plan and contracts a claims administrator to process claims, what entity is the Plan Administrator?

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* 2. What are the Fiduciary duties of the Plan Administrator

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* 3. Which of these is always a Plan Fiduciary

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* 4. What is Fiduciary Liability?

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* 5. Is Hiring a Service Provider a Fiduciary Function?

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* 6. Which of these should you do, when hiring a Plan service provider?

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* 7. What are Fiduciaries duties when monitoring service providers?

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* 8. Do you need to know and track the total compensation of your Plan’s vendors, including your consultant and TPA?

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* 9. Do you have a method to uncover hidden compensation paid to your consultant or broker from other vendors that may create a conflict of interest?

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* 10. Do Stop-Loss commissions and other Plan vendors revenue-sharing arrangements with a consultant or broker need to be disclosed on form 5500 Schedule A or C if the contract service is in the name of the employer and not paid by any employee contributions?

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* 11. Can you independently verify whether or not your Plan’s prescription benefit manager is delivering prescription drug ingredients costs as contracted?

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* 12. Do you have a method to verify your claims administrator maximized your plan reimbursements under the stop-loss contract?

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* 13. Do you have a system in place that will identify contingency fees or other fees paid as a percentage of savings that might be buried in your plan's medical claims data?

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* 14. If your system does identify contingency fees in the claims data, do you have a method to verify that the fees paid were competitive and provided a net savings to the plan?

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* 15. One last section...We want to know a little about you.

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