Last year, we alerted you to the filing of several class action lawsuits alleging that plan fiduciaries violated their duties of prudence and loyalty under Title I of ERISA by using forfeitures to reduce employer...more
In December, we suggested, contrary to popular opinion, that serious attention should be given to the filing of several class action lawsuits alleging that plan fiduciaries violated ERISA by applying forfeitures to reduce...more
According to CMS, annual health care spending in the United States reached about $4.5 trillion in 2022, 9% of which (about $405 billion) was spent on prescription drugs.[1] CMS also reports that in 2022, 18% of annual health...more
Pension risk transfers (“PRTs”) continue to make the news. And well they should. Last year alone, over $100 billion in liabilities were transferred from defined benefit pension plans to insurance companies. And the trend...more
4/5/2024
/ Annuities ,
AT&T ,
Beneficiaries ,
Class Action ,
Collateralized Loan Obligations ,
Department of Labor (DOL) ,
Disgorgement ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary ,
Insurance Industry ,
Investment ,
Lockheed Martin ,
Pensions ,
SECURE Act ,
Securities ,
Transfers