Reducing nonprofit fiduciary liability: Mitigating your organization's risks

Abstract

Nonprofit organizations and their leaders, as sponsors and fiduciaries of group health and welfare plans, operate within a fluid regulatory environment. They must generally adhere to the same federal, state and local laws as their for-profit counterparts, but sometimes do so with less-stringent governance. They often rely on well-intentioned volunteer boards, streamlined human resource structures and a mission-driven focus that can overshadow meticulous attention to regulatory details.