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.
I’m thrilled to highlight two individuals who have made the most of 2024 and are entering the new year with purpose and momentum: Meaghan Cush of Combs & Company and Cristin Dickerson, MD of Green Imaging.