Retirement & Benefits

For weeks, it seemed 600,000 Anthem enrollees might have to switch plans as the UC Health system struggled to reach an agreement with one of its largest insurance partners.

The amount an organization can absorb on behalf of its employees will depend on market data, trends, and company size.

The DOL's complaint against BCBSM, as well as the series of lawsuits against other TPAs and insurers, may redefine the landscape of fiduciary responsibilities and the role of TPAs in plan administration.

To stop the "leakage" of retirement cash-outs when employees switch jobs, the DOL proposes new rules aimed at expanding auto-portability transactions.

These new SECURE 2.0 pension-linked accounts can have auto-enrollment but must give employees the chance to opt out.

The lawsuit alleges that CFO John Rex interfered, for "commercial" reasons, with a decision by the company's investment committee to drop a set of target-date funds.