A judge in a Massachusetts state court pointed to concerns about undisclosed product bundling, agent licensing and descriptions of non-insurance products.
Participants in the firm’s $2.9 billion 401(k) plan had sued the company, alleging it failed to regularly monitor plan investments and remove underperforming in-house funds.
Aetna in late December sued 20 major pharmaceutical companies, accusing them of engaging in a conspiracy to fix prices for more than 100 generic medications.
Only 5% of employers allow student loan matching in their 401(k)s, but prevalence is expected to increase in 2025, while there is minimal interest among employers in the $2,500 emergency savings option, according to a new Alight survey.
If the new Consumer Financial Protection Bureau regulations lead to more doctors billing patients up front, that could increase demand for worksite health finance benefits.