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Construction firm Bechtel wins 401(k) ‘excessive fees’ lawsuit, again

By Lynn Cavanaugh

A federal judge has dismissed – for the second time – a lawsuit against Bechtel Global that alleged the $5.7 billion plan's default managed account investment led to excessive fees and subpar returns, arguing that a target date fund would have been a better alternative.

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Employer PBM bill that died in December spending package fight may return

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Pharmacies seek new strategies amid store closures and market disruption

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January 16, 2025

Investors ask UnitedHealthcare to account for claims denial practices

The request comes in the wake of the murder of UHC CEO Brian Thompson in December.

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January 15, 2025

Leave requests surge for 3rd year, mental health concerns rise

HR teams face increasing demands as workers seek support to navigate personal situations and remain productive.

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January 15, 2025

Climate group Net Zero Asset Managers suspends operations, in wake of BlackRock’s exit

Last week, BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending its activities on Monday because of “recent developments … in investors’ respective jurisdictions,” according to its website.

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January 15, 2025

DOL tackles the 'missing plan participant' problem, offering retirement fiduciaries a new option

The Department of Labor will not take action, under ERISA, against plan fiduciaries that transfer entire benefit payments owed to missing participants of $1,000 or less if certain conditions are met.

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January 15, 2025

Biden administration withdraws proposal to make insurers cover cost of OTC birth control

The new withdrawal is the second preventive benefits-related withdrawal announced in less than a month.

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January 14, 2025

FTC accuses big PBMs' pharmacies of collecting $5.9B in specialty drug markups

Margin expansion at Express Scripts, Caremark and Optum Rx increased by $336 million between 2017 and 2021, officials say.

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January 14, 2025

Amazon and Meta scale back DEI initiatives, joining growing list of employers

The Big Tech giants join a growing list of employers, including Walmart and McDonald’s, that are re-evaluating their diversity, equity and inclusion policies and initiatives, while Costco and Apple are doubling down on their DEI initiatives.

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Top News Stories

Construction firm Bechtel wins 401(k) ‘excessive fees’ lawsuit, again

Employer PBM bill that died in December spending package fight may return

Pharmacies seek new strategies amid store closures and market disruption

Recommended Just For You

News Stories

Investors ask UnitedHealthcare to account for claims denial practices

Leave requests surge for 3rd year, mental health concerns rise

Climate group Net Zero Asset Managers suspends operations, in wake of BlackRock’s exit

DOL tackles the 'missing plan participant' problem, offering retirement fiduciaries a new option

Biden administration withdraws proposal to make insurers cover cost of OTC birth control

FTC accuses big PBMs' pharmacies of collecting $5.9B in specialty drug markups

Amazon and Meta scale back DEI initiatives, joining growing list of employers