Topic
401(k)
508 published works
Hall Benefits Law Blog
UnitedHealth Faces Another Lawsuit Concerning Misused Forfeited 401(k) Funds
By Anne Hall
Employees have now filed two separate 401(k) lawsuits against UnitedHealth Group (UHG), claiming that the company misused forfeited 401(k) funds from employees to reduce employer contributions into the plan. First,…
Spotlight on Benefits
Navigating Cryptocurrency Investments in Employer-Sponsored Retirement Plans
By Mona Ghude, Kristina Ferris Salamoun
Cryptocurrency has revolutionized the financial landscape, emerging as a high-risk, high-reward investment option. As its popularity grows, the question of incorporating cryptocurrency into employer-sponsored retirement plans has sparked debate among…
Hall Benefits Law Blog
Workers Sue Cigna Alleging Misuse of Forfeited 401(k) Funds
By Anne Hall
Cigna employees have filed a lawsuit against the company for allegedly violating its fiduciary duties under the Employee Retirement Income Security Act (ERISA). The claims stem from Cigna allegedly using…
Employee Benefits
ESG Investing in 401(k) Plans – More Rule Changes on the Way
By James Earle, Joshua Gelfand, Brianna Hourihan
In our recent client alert, "Texas Federal Court Allows an ERISA Fiduciary Challenge Against Alleged "ESG Investing" Without Any ESG Funds," we reported that a Texas district court recently upheld…
Benefits Law Advisor
Cryptocurrency in 401(k): A Balanced Approach Returns
By Alec Nealon
Takeaway The 2025 CAR does not alter ERISA’s substantive fiduciary standards and considerations but eases the DOL’s previously hostile enforcement stance toward cryptocurrency and similar digital assets in 401(k) plans,…
Boston ERISA & Insurance Litigation Blog
When the Best Offense is a Good Defense: Adding Annuities to 401(k) Plans
Years ago, I represented a financial advisor in a dispute with a particular, well-known financial product provider after the advisor concluded that the fees in the annuities offered by that…
Davis+Gilbert PERKS
DOL Issues New Compliance Guidance for 401(k) Plan Sponsors
Employers that sponsor 401k plans should note that on May 28, 2025, the Department of Labor issued Compliance Assistance Release No. 2025-01, rescinding their 2022 guidance warning 401(k) plan fiduciaries…
Hall Benefits Law Blog
Giant Eagle Settles ERISA Class Action Suit Alleging Failure to Control 401(k) Plan Costs
By Anne Hall
Giant Eagle, a grocery store chain, has settled a class action lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA) led by a former employee. The suit alleged…
Hall Benefits Law Blog
Amazon Faces Class Action Lawsuit for Mismanagement of $350M in Forfeited 401(k) Plan Contributions
By Anne Hall
Like many other employers, Amazon is now facing a class action lawsuit by its retirement plan participants over their disposition of forfeited 401(k) plan contributions. In their suit, the plaintiffs…
Boston ERISA & Insurance Litigation Blog
401(k) Use is Up! But so is the Corresponding Risk to Smaller Employers
There is a great article today in the Wall Street Journal on the adoption of 401(k) plans by smaller companies, noting that this phenomenon is driven by both legislative and…