Benefits Manager

The banking giant has been hit with a class action lawsuit, alleging it used retirement plan contributions from departing employees to “offset its employer contributions” rather than reducing plan administrative fees, violating ERISA.

Tim Noel, who was most recently chief executive of UnitedHealth’s Medicare division, will become CEO of the UnitedHealthcare business, the company said in an emailed statement.

Participants contributed an average of 7.8% of pay (up from 7.4% in 2022), and employers contributed 4.9% of pay (up from 4.7%) for a combined savings rate of 12.7%, according to PSCA’s annual survey of 401(k) plans.

Creating a workplace that is pet friendly doesn’t have to be overwhelming and you don’t need a physical space.

Thirty-four percent of the surveyed workers reported using substances on the job.

They include AI integration, drug prices, and the potential reshaping of U.S. health care under the Trump Administration.

AI is the disruptor you may be waiting for to help workers avoid benefit miscomprehension and analysis paralysis.

Mark Kaye, the chief financial officer, said the company took a "very disciplined approach between competitiveness and underwriting."