A plan participant filed a complaint earlier this month in the U.S. District Court for the Northern District of California against Centene Management, a subsidiary of Centene Corp., which serves as the legal sponsor and administrator of certain employee benefit plans.

Jeff Smedsrud says the products can help group health plan enrollees cope with rising out-of-pocket costs and others cope with uncertainty.

The Unfunded Mandates Accountability and Transparency Act of 2025 bill would require federal agencies to publish a regulatory impact analysis for most rules with an anticipated annual economic impact of $100 million or more.

Overall retirement saving participation rates in 2024 were 78.7% for full-time workers.