The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
The ERISA Litigation Reform Act, introduced by Rep. Randy Fine, R-Fla., is intended to curb meritless class-action lawsuits by clarifying the pleading standard applicable to ERISA-prohibited transactions claims.
The lawsuits will keep making headlines. Premiums will keep rising. Leadership will continue asking harder questions. But, the organizations best prepared for that future aren’t the ones that check the box.
The ERISA Litigation Reform Act would ensure that retirement plan fiduciaries, employers, and participants operate under a more predictable, fair, and efficient legal framework than they do now, according to Rep. Randy Fine’s office.
The precise impacts the shutdown will have on employers remain to be seen, but past shutdowns and recent agency guidance issued in preparation for the shutdown provide some insight on what we should expect.
This comes after the FTC issued a final rule to promote competition by banning noncompetes nationwide, which has since been challenged in federal court.