News

Since there have been more than 50 similar 401(k) forfeiture lawsuits filed recently, the Department of Labor has weighed in on the HP lawsuit, now on appeal: “A fiduciary’s use of forfeited employer contributions … alleged in this [HP] case … would not violate ERISA.”

The news comes as the administration is pushing for pharmaceutical manufacturers reshore drug production in the United States.

About 60% of employees said their benefits package makes them more inclined to stay with their current employer.

The Georgia firm put an Anthem Blue Card PPO logo on its ID cards without authorization, the plaintiffs say.

After a year-long legislation effort to strengthen retirement benefits for independent workers, Senator Bill Cassidy has unveiled the Independent Retirement Fairness Act this week.

The Supreme Court will hear a case against the IAM National Pension Fund, which could affect most of the nation’s 1,400 multiemployer plans.