The online retailer has been hit with a class-action lawsuit, alleging it violated its ERISA fiduciary duties by using forfeited 401(k) funds to offset company contributions instead of reducing administrative fees for participants.
Join the discussion as we outline tactics to help protect your outgoing funds, tips to prevent attackers from getting in, and what to do if they are already within your own walls.
The lawsuit alleged that UnitedHealth CFO John Rex interfered with the company’s decision to drop “one of the worst-performing target-date options in the entire market.”
SAG-AFTRA Health Plan, which provides healthcare benefits to eligible members of the entertainment industry, was hit with three class actions in California following a data breach incident that occurred in September.
Moody’s Ratings updated its policies to make it simpler to determine how much of hybrid bond issues to consider as equity. “That shift in methodology helped to fuel the rebirth of this market.”
Employees of Seattle-based Weyerhaeuser Company filed a class-action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.
Policymakers don’t expect to reach their 2% inflation goal until 2027, so “from here on out, it is going to be much harder to get rate cuts without much further improvement on inflation.”
