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Benefits & Executive Compensation News

Surprise Bill Win Rate Raises Cost Question, HHS Official Says

The high win rates health care providers are having in payment disputes under the No Surprises Act raise questions about whether the 2021 law is truly reducing health care costs, according to a Department of Heath and Human Services official.

Deutsche Bank Lands DOL Exemption to Manage Retirement Funds

Deutsche Bank AG and DWS Investment Management America Inc., the corporate parent overseeing its US-based qualified professional asset managers, received the Labor Department’s greenlight to keep managing retirement funds, according to a new notice filed by the agency.

Kellogg Retiree Loses Would-be Class Suit Over Pension Math

Kellogg Co. successors Kellanova and WK Kellogg defeated a proposed class action saying their pension plan improperly shortchanges retirement benefits for certain married workers depending upon which pension format they choose.

Northeastern University Cited Benchmarks Too Soon in 401(k) Suit

Northeastern University must face the bulk of a proposed class action challenging the fees and investment performance of its employees’ retirement plan after a Boston federal judge declined to closely examine the lawsuit’s benchmarks.

New York Nears Enacting Hochul’s Paid Leave for Pregnant Workers

New York would require businesses to provide paid prenatal leave for pregnant employees in addition to the state’s existing paid sick time mandate, under a state budget agreement close to final approval.

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Bostic Says Fed Can Be Patient, Cut Unlikely Until Year End

Federal Reserve Bank of Atlanta President <-bsp-person state="{"_id":"0000018e-f363-d583-afbf-f3ffb70f0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward the end of the year.

Six Flags Investor Suit Over China Expansion Revived Again

Investors’ claims that Six Flags Entertainment Corp. misrepresented the progress of theme park projects in China were improperly thrown out, the Fifth Circuit said Thursday, reinstating the proposed class action for the second time.

IN BRIEF

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Case: Health Care & Benefits/Long-Term Disability Benefits (W.D. Mo.)

The court denied AT&T Umbrella Benefit Plan No. 3 and Sedwick Claim Management Services Inc.'s motion to dismiss an employee’s ERISA action challenging the denial of long-term disability benefits and alleging breach of fiduciary duties. Dickson v. AT&T Umbrella Ben. Plan No. 3, 2024 BL 128122, W.D. Mo., 4:23-cv-00456-DGK, 4/15/24

Case: Health Care & Benefits/Benefits Denial (N.D. Cal.)

The court denied the University of San Francisco Welfare Benefit Plan’s motion for summary judgment on the applicable standard of review of an employee’s ERISA and Parity Act action challenging the denial of benefits for residential treatment as not medically necessary. K.G. v. Univ. of S.F. Welfare Ben. Plan, 2024 BL 12455, N.D. Cal., Case No. 23-cv-00299-JSC, 4/11/24

Case: Health Care & Benefits/Benefits Denial (C.D. Cal.)

The court granted an employee’s request to overturn the Director’s Guild of America’s denial of benefits, and entered judgment in the employee’s favor, in this ERISA action for denial of benefits and breach of fiduciary duty. Dan C. v. Anthem Blue Cross Life & Health Ins. Co., 2024 BL 120514, C.D. Cal., 2:22-cv-03647-FLA (AJRx), 4/9/24

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