A federal judge on Thursday dismissed UnitedHealth Group’s petition to dismiss a lawsuit alleging the healthcare giant failed to effectively oversee the management of its pension plan for its 200,000 employees and their families. Minnesota U.S. District Court Judge John Tunheim ruled that a plan member’s claims were strong enoughRead More →
A federal judge on Thursday dismissed UnitedHealth Group’s petition to dismiss a lawsuit alleging the healthcare giant failed to effectively oversee the management of its pension plan for its 200,000 employees and their families. Minnesota U.S. District Court Judge John Tunheim ruled that a plan member’s claims were strong enoughRead More →
CASE OVERVIEW By Ronald Mann December 3, 2021 at 4:26 p.m. Monday’s argument in Hughes v. Northwestern University will give judges another opportunity to explain the fiduciary duty of the sponsors who control the defined contribution plans that many of us depend on for our retirement. This case is beingRead More →
WakeMed employees have sought final approval of their $ 975,000 group settlement from a federal judge in a lawsuit claiming the North Carolina healthcare system pension plan offers expensive mutual funds and charges fees excessive administrative procedures. The deal, which received preliminary approval from Judge James C. Dever III inRead More →
WakeMed employees have sought final approval of their $ 975,000 group settlement from a federal judge in a lawsuit claiming the North Carolina healthcare system pension plan offers expensive mutual funds and charges fees excessive administrative procedures. The deal, which received preliminary approval from Judge James C. Dever III inRead More →
As the end of the year approaches, now is a good time to review the updated rules regarding withdrawals from your pension plans. The SECURE law, which entered into force in 2020, made changes to the rules for minimum distribution required (RMD). It is important for us to review theseRead More →
The University of Miami is settling a lawsuit over costs of its defined contribution pension plans for $ 1.85 million, according to court documents filed last week. The school was sued in April 2020 in the Miami Division of the United States District Court for the Southern District of Florida,Read More →
NEW YORK – (BUSINESS WIRE) – December 1, 2021– Bartholomew Consolidated School Corporation in Columbus, Ind. selected Fair, a leading financial services organization and primary franchise of Equitable Investments Inc. (NYSE: EQH ), as the sole provider of its 403 (b) and 401 (a) supplemental pension plans after a competitiveRead More →
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As the end of 2021 approaches, now is a good time to review the upcoming end-of-year plan amendment deadlines for pension plans. Employers are expected to review their plans with their suppliers and advisers to determine if any changes to the plan need to be adopted by the end ofRead More →