Benefits & Executive Compensation News
Aerotech Sued Over Low-Yield Investments in Employee Stock Plan
Three former Aerotech Inc. workers filed a proposed class action saying their employee stock ownership plan was mismanaged because it parked too much money in cash-like investments that paid paltry returns.
Hormel Says Challenge to 401(k) Options Omits Comparable Funds
Boeing Leaders’ Windfall Predates New Safety Goals Tied to Pay
A pair of top
Musk to Be Deposed Monday in Twitter Arbitration Case on Layoffs
401(k) Advice, Overtime Rules Poised to Reprise Obama-Era Fights
Two signature US Labor Department policies are almost certain to face a test of whether the latest updates to the agency’s regulations can survive legal deficiencies that led to the demise of their Obama-era predecessors.
Latest Stories
Aerotech Sued Over Low-Yield Investments in Employee Stock Plan
Three former Aerotech Inc. workers filed a proposed class action saying their employee stock ownership plan was mismanaged because it parked too much money in cash-like investments that paid paltry returns.
Musk to Be Deposed Monday in Twitter Arbitration Case on Layoffs
Hormel Says Challenge to 401(k) Options Omits Comparable Funds
CFPB, Employees Reach Tentative Deal to Raise Worker Pay Bands
The Consumer Financial Protection Bureau and the union representing most of its workers reached a tentative agreement on compensation.
Taylor Corp. $485,000 Settlement Over 401(k) Fees Gets First OK
A $485,000 class settlement benefiting Taylor Corp. employees received preliminary court approval, paving the way for resolution of litigation challenging the Minnesota printing and marketing company’s retirement plan fees.
Europe’s €1 Million Bankers Club Is More Than 90% Male
Fewer than one in 10 of <-bsp-bb-link state="{"bbHref":"bbg://news/topics/EUROPE","_id":"0000018f-15b7-d583-afbf-d7ff4c170000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Europe’s best-paid bankers are female, new research shows, highlighting the wide gender pay gap in the financial services industry.
How DLA Piper Learned to Stop Worrying and Love Generative AI
Loren Brown is the rare law firm leader I’ve spoken with who can articulate a business plan around generative artificial intelligence.
PBGC Director Hartogensis to Depart at Close of Five-Year Term
Pension Benefit Guaranty Corporation Director Gordon Hartogensis will leave his leadership role once his five-year term expires at the end of April, according to a statement from the agency.
Biden Association Health Plan Rule Clears White House Review
The White House has completed its review of a final rule governing who can use association health plans, which have been touted by small businesses and the self-employed as a cheaper alternative to other employer-sponsored plans.
IN BRIEF
View MoreCase: Health Care & Benefits/Unpaid Contributions (E.D. Mo.)
The court granted Greater St. Louis Construction Laborers Welfare Fund summary judgment on its ERISA action against CMT Roofing LLC., finding that the fund is entitled to a damages award of $754,891 for unpaid contributions under collective bargaining agreements. Greater St. Louis Constr. Laborers Welfare Fund v. CMT Roofing LLC, 2024 BL 137207, E.D. Mo., 4:22-cv-00047-JAR, 4/22/24
Case: Health Care & Benefits/Restitution (M.D. Ala.)
The court granted UNUM Life Insurance Company of America partial judgment on the pleadings in this ERISA action seeking restitution from an employee for overpayments under a group long-term disability insurance policy. Unum Life Ins. Co. of Am. v. Reynolds, 2024 BL 138721, M.D. Ala., 3:23-cv-512-RAH-JTA [WO], 4/23/24
Case: Health Care & Benefits/Jurisdiction (E.D. Pa.)
The court granted Anthem Blue Cross Blue Shield Missouri and Blue Cross Blue Shield of Missouri’s motion to dismiss for lack of personal jurisdiction Abira Medical Laboratories LLC’s breach of contract suit alleging refusal to pay or underpayment of claims. Abira Med. Labs. LLC v. Anthem Blue Cross Blue Shield Mo., 2024 BL 135165, E.D. Pa., 23-4940, 4/19/24
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