A. An employee who has suffered calculated damages may recover three times the calculated damages from a third-party benefits organization for the cost of benefits paid by the employee. An employer that has suffered calculated damages may recover three times the calculated damages from a third-party benefits organization that paid for the cost of employee benefits. The calculated damages are as follows:

1. 1. For health, pension or vacation or sick leave benefits, any monies paid by or for the employee during a twelve-month period that is more than one hundred twenty percent of the cost of equivalent health, pension or vacation or sick leave benefits. To show equivalency, the plaintiff may submit a mathematical or an actuarial data analysis that demonstrates that the employee would have received at least ninety-five percent of the same value from a product available through the employer or on the general market.
2. 2. For training benefits, any monies paid by the employer or employee in excess of one hundred twenty percent of any reasonable training costs incurred during a twelve-month period for the specific benefit of the employee's job skill.
3. 3. For any other benefit, any monies paid by the employer or employee in excess of $1,000 during a twelve-month period where no direct benefit can be attributed to the employee.

B. An employee may recover calculated damages attributable to monies paid by the employee's employer for that employee if:

1. 1. The employee sends a certified letter to the employer's statutory agent in this state that advises the employer that the employee intends to pursue such a claim unless the employer objects within ninety days.
2. 2. The employer does not object. An employer's failure to object in writing within ninety days constitutes a waiver of the employer’s right to recover pursuant to this section to the extent of the employee's recovery.

C. A third-party benefits organization is not liable pursuant to this section if the third-party benefits organization satisfies all of the following:

1. 1. Provides a reconciliation to its member employees through United States mail or email that would reasonably allow an employee to determine the costs and expenses of the benefits. The reconciliation must be listed by benefit for a twelve-month period and provide the following:

   1. (a) The specific rates charged to the employee and employer.
   2. (b) The direct expense rates charged to the plan by third-party insurers and plan providers.
   3. (c) The total number of employees, including hours and revenue collected in this state and nationally.
   4. (d) The total direct claims expenses or payments to beneficiaries, if any, in this state and nationally.
   5. (e) A list of total payments made to any third-party insurers or plan providers in this state and nationally.
   6. (f) A list of all administrative and other expenses not listed in subdivisions (a) through (e) of this paragraph incurred in this state and nationally.
   7. (g) A list that summarizes the difference between the revenues and expenses in subdivisions (a) through (f) of this paragraph in this state and nationally listed in total dollars and as a percentage of revenue.

2. 2. Allows an employee to opt out of any health, pension or vacation or sick leave benefits and to choose either:

   1. (a) Benefits from the employee's employer if the employer agrees and the employer withholds payment to the third-party benefits organization for that particular benefit category.
   2. (b) Benefits outside the employment relationship if the employer withholds payment from the third-party benefits organization for that particular benefit category and forwards the monies to the employee.
3. 3. Eliminates any penalty for an employee or employer to terminate the relationship with the third-party benefits organization, including liability for any benefits that are actuarily underfunded.

G. This section does not apply to any of the following:

1. 1. An insurer, insurance agent or investment management firm.
2. 2. A third-party administrator performing a purely administrative role.
3. 3. An employee who is employed by the federal government or a political subdivision of this state.

H. For the purposes of this section:

1. 1. "Benefits":

   1. (a) Means monies paid by an employee or employer to a third-party benefits organization for the benefit of the employee and includes health, pension, training or vacation or sick leave benefits or other benefits.
   2. (b) Does not include labor organization membership dues.
2. 2. "Third-party benefits organization" includes any labor organization as defined in sections 23-1301 and 23-1321 and any Taft-Hartley trust, other fund or entity used to administer any benefit required by a labor agreement adopted by a third-party benefits organization.