The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, according to the class action lawsuit filed by plan participants.
Following a "wrongful use" of 401(k) forfeited funds lawsuit filed in January, the banking giant is now being sued by employees over $2.4 million in plan assets that were invested in an in-house stable value fund.
The Consolidated Appropriations Act of 2022's Gag Clause Prohibition has caused confusion, but plan sponsors need to understand the CAA and demand access to the information and data.
A new federal appeals court decision could affect how easily patients or others can sue employer-sponsored health plans and their administrators over benefits decisions in state court.
Current and former employees are suing JPMorgan, alleging that it allows inflated drug prices through its partnership with its pharmacy benefit manager, CVS Caremark.