The U.S. Department of Labor has drafted a regulation that would make electronic delivery the default option for employee benefit communications, potentially transforming how employers distribute health plan information and other ERISA-related documents. Industry representatives have expressed strong support for the change, citing significant cost savings and survey data showing that the vast majority of plan participants already prefer accessing their benefits information electronically. The regulation is

A federal magistrate has given preliminary approval to a settlement of nearly $12.9 million in a case filed against health insurance giant Anthem under the Employee Retirement Income Security Act (ERISA).

A bipartisan coalition reintroduced the Patients Before Monopolies Act in the 119th Congress after prior House and Senate versions introduced late in the 118th Congress were referred to the Judiciary Committees...

As part of UnitedHealth Group's massive $69 million settlement over poorly performing target date funds in its 401(k) plan, the attorneys who filed the class action lawsuit have requested the court order...

The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) has issued its updated final rule on overtime pay. Originally proposed by the WHD in September 2023, the Defining and Delimiting...

The ERISA Industry Committee (ERIC) and other organizations filed an amicus brief in Matula, Jr. v. Wells Fargo & Company (Matula), a 401(k) forfeiture case pending on appeal before the U.S. Court of Appeals...

The ERISA Industry Committee has voiced strong support for proposed legislation that would prohibit pharmacy benefit managers from paying kickbacks to brokers and consultants.

Although the U.S. District Court for the Eastern District of Texas has blocked the U.S. Department of Labor's (DOL) new overtime rule for Texas state employees...

Lockheed Martin’s motion to dismiss failed to persuade a federal district court judge to reject all claims in a proposed class action lawsuit based on breach of fiduciary duties under the Employee...

After the state of Georgia passed S.B. 185, a law that removed funding for gender-affirming healthcare in prisons...

The U.S. Department of Health and Human Services (HHS) has rescinded the guidance issued in May 2021 concerning the interpretation and enforcement of Affordable Care Act (ACA) Section 1557.

Mark Cuban is backing the Break Up Big Medicine Act, bipartisan legislation that would prohibit companies from owning both health insurers or PBMs and medical providers.

Amazon recently announced 14,000 layoffs, but company executives are not blaming the downsizing on financial performance or the increased use of artificial intelligence (AI).

The Investor Advisory Committee (IAC) of the U.S. Securities and Exchange Commission (SEC) recently held a public hearing featuring a panel discussion on investment advice. Established by the 2010 Dodd-Frank Act.

An examination of Wells Fargo's website reveals that the company has quietly removed all language related to diversity.

The U.S. Departments of Labor, Health and Human Services, and Treasury recently issued a statement on enforcement of the final rule concerning the requirements...

The Office for Civil Rights (OCR) of the U.S. Department of Health and Human Services (HHS) has announced the imposition of a $240,000 civil penalty against Providence Medical...

Former employee Brian Byrne has filed a class action lawsuit against retirement services provider Teachers Insurance and Annuity Association (TIAA) and its fiduciaries.

The Pension Benefit Guaranty Corp. settled a discrimination lawsuit filed by a Black employee who alleged he was passed over for promotion in favor of a less qualified white candidate. The case raises questions about whether the agency's hiring practices violated Title VII protections and whether prior discrimination complaints influenced the promotion decision.

A three-judge panel of the U.S. Court of Appeals for the Third Circuit has ruled that ERISA preempts state defamation claims against employee benefit plans. The decision arose from a case where a doctor sued Cigna's subsidiary over explanation of benefits notices that allegedly damaged his reputation by stating claims were denied because services were provided by unlicensed healthcare providers.