Leaders who focus solely on bringing employees back to the office without addressing fundamental cultural dynamics risk missing the larger opportunity to create work environments that drive growth and satisfaction.
There are currently over 600,000 micro 401(k) plans in the U.S., with less than $5 million in assets, and that number will increase to more than 1 million, driven in part by state mandates and federal tax incentives, according to a new Cerulli report.
The ERISA Industry Committee, along with two other industry groups, is seeking the dismissal of the drugmaker’s PRT class action lawsuit over the transfer of its pension plan to Athene Annuity, alleging a breach of fiduciary duties.
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.