UnitedHealth Group Agrees to $69 Million Settlement in 401(k) Lawsuit
UnitedHealth Group has reached a $69 million settlement in a class-action lawsuit over its 401(k) plans, following allegations of providing subpar options to employees. The case, led by Kim Snyder, highlights the importance of fiduciary responsibility and transparency in corporate retirement plans. This landmark settlement could impact over 300,000 employees and set a precedent for how companies manage retirement offerings.
Supreme Court to Review ERISA Pleading Standards in Cornell Case
The U.S. Supreme Court will review the pleading standards for ERISA cases in Cunningham v. Cornell University, focusing on excessive recordkeeping fees and the burden of proof on plaintiffs. This decision could reshape the legal landscape for retirement plan service agreements.