The IBM lawsuit caught the attention of Labor Department, which claims the three-year deadline to bring a fiduciary claim doesn't apply because workers didn't have "actual knowledge" of the ERISA violation.
On average, Marketplace enrollees had access to 40% of the doctors near their home through their plan's network, with considerable variation around the average.
It's an ideal time to focus on promoting financial literacy and helping employees understand the various long-term savings tools that may be available to them beyond a 401(k), such as an IRA, HSA, and FSA.
September 6, the Friday after Labor Day, is 401(k) Day, a time for employers to focus on financial wellness and empowering employees to take charge of their financial futures – and encouraging them to take advantage of employer matching contributions.
The DOL earlier this year filed a lawsuit accusing Blue Cross and Blue Shield of Minnesota of incorrectly imposing a state provider tax on self-funded health plan customers and violating its fiduciary duties under ERISA.