With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
Members whose claims for residential and intensive outpatient mental health and substance abuse treatment were rejected by Blue Shield of California and Magellan Health can proceed with a class action suit against the two insurers.
A survey of 502 benefit brokers and 504 employers says the majority of brokers believe themselves to be highly fluent in CDHP benefits, and half of employers make the same claim, but that might be off base.
The Supreme Court has ruled that the California Public Employees Retirement System took too long to file its lawsuit stemming from the 2008 collapse of Lehman Brothers.
Under Californias state-administered Secure Choice plan, IRAs 'should not be considered ERISA plans' in potential legal challenges, a legal advisor to that state's lawmakers says.