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Sioux City businessman asks council for independent ERISA review after city declines CHAMP plan
Summary
Dylan Northrop, a Sioux City business owner, urged the council to commission an independent ERISA review after city staff declined a CHAMP insurance plan; he said the city relied on a broker memo rather than legal authority and offered to supply outside counsel and documents for review.
Dylan Northrop, a Sioux City taxpayer and owner of DK Insurance, told the City Council he has repeatedly offered documentation and legal analysis for a health-plan alternative he calls the CHAMP plan and urged the council to commission an independent ERISA review after staff declined the proposal.
“Every department is begging for money, and I know how to find a half $1,000,000 in projected annual savings and potentially up to $4,000,000 total composite impact without raising a single tax,” Northrop said, adding he left the council a 20-page legal opinion and a broker memo when he first brought the proposal forward. He said the plan was structured to avoid what the IRS calls “double dipping” and alleged the city’s…
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