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Ozempic, Trulicity and Mounjaro were first approved to treat diabetes, however, in the last three years, the FDA has approved rebranded versions of Mounjaro and Ozempic for weight loss, leading demand – and prices – to skyrocket.

Discussed below are some of the most common contractual provisions that plan fiduciaries and benefits advisors must know to avoid and/or expose a self-serving PBM.

The investment firm is among 600 organizations worldwide whose pension funds and benefits plan providers had their participants' data breached recently, and should be "a wake-up call" to all plan sponsors, say industry experts.

Younger workers are benefiting from auto enrollment by participating at higher rates than prior generations, while the Saver's Match program allows low-income workers to receive a match of up to $2,000 into their 401(k)s.

According to the DOL, the new fiduciary rule levels the playing field for insurance agents, brokers, financial planners and registered investment advisors to adhere to a best interest standard when providing investment advice.

Tough markets in 2022 caused average balances to fall across industries, but some sectors managed to outperform significantly, according to Judy Diamond's 401(k) Benchmark Report.

Stock options give every employee the ability to become a part owner of a company but members of the management team might be at greater risk because a larger percentage of their compensation might be in stock.

This week, the Labor Department issued a proposed information collection request, seeking voluntary assistance of plan administrators in developing an online search tool to help workers gain access to lost retirement savings.