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Surge in pension risk transfer lawsuits, as private equity pursues annuity assets
In the last year, Lockheed Martin, AT&T, Alcoa and GE have been sued by employees in class action lawsuits over the PRT deals made with Athene, alleging the firm “breached their fiduciary duty,” says law firm Schlichter Bogard.
Supreme Court will hear ERISA class action suit: Did Cornell Univ. mismanage its 403(b) plan?
Plaintiffs alleged that Cornell failed to adequately monitor the fees and investments of its retirement plan, according to Jerome Schlichter, a lawyer for the plaintiffs.
Announcing our 2024 BenefitsPRO Luminaries Honorees
Our 2024 BenefitsPRO Luminaries honorees consist of top individuals and firms selected by a distinguished and diverse team of industry leaders.
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A Look Behind the HDHP/HSA curtain
Employers have increasingly turned to the combination of high deductible health plans (HDHPs) and health savings accounts (HSAs) to contain benefit costs. But each can come with hidden consequences. Learn how to eliminate the downside for your clients in this overview.
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