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Dr. Mehmet Oz is still waiting for the Senate to confirm the Employee Benefits Security Administration head.

"Never forget how important it is to have a servant’s heart and remember that you get back so much more than you give in terms of friendships, growth and appreciation for how the world works.”

"Employers deserve advisors who put them first, who challenge the status quo and who push one another to raise the bar for our industry."

Plan sponsors need to have flexibility to design and administer retirement plans to best serve their workforces, say the ERISA Industry Committee and the American Institute of CPAs.

The class action lawsuit filed by employees who alleged they were shorted on pension payments, was originally dismissed after plaintiffs missed the 3-year deadline to file a fiduciary claim, however, the Labor Department came to the workers’ defense.

To clear up any confusion for administrators of both single-employer and multi-employer defined benefit plans, the Department of Labor has issued new guidance for annual AFN notices that are due by April 30, 2025.

As alternative PBM models seek to up-end a payer’s longstanding relationship with a large PBM, they must be prepared to support clients with smart technology and innovative solutions that enable real-time data, increase transparency and ensure better pricing that impacts drug purchasing decisions.

Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties," however, district courts issued split rulings on these 2 cases.