Featured Jobs
|
Retirement Plan Onboarding Specialist Compass
|
|
Retirement Relationship Manager MAP Retirement
|
|
MAP Retirement
|
|
Regional Vice President, Sales MAP Retirement
|
|
BPAS
|
|
MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Sentinel Group
|
|
Relationship Manager for Defined Contributions KP Daybright Financial
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Pattison Pension
|
|
DWC - The 401(k) Experts
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
New Cross-Plan Offsetting Class Action Lawsuit Highlights Exposure to Self-Insured Health Plan Sponsors
Hall Benefits Law via Lexology; registration required
Oct. 26, 2020 "[Plaintiffs claim] that UnitedHealth breached its fiduciary duties under ERISA when it used assets from the plaintiffs' plans to recoup financial losses from other separate plans, effectively using plaintiffs' plan assets for its own benefit.... [T]he plaintiffs assert that, 'By engaging in cross-plan offsetting, United treats the thousands of Plans it administers as one extremely large piggybank, moving more than $1.2 billion among its Plans each year to suit its own interests. Each cross-plan offset violates ERISA, and in most cases, the money ends up in United's own pocket.' " [Scott v. UnitedHealth Group, Inc., No. 20-1570 (D. Minn. complaint filed Jul. 14, 2020)] MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |