Compliance

Members of a congressional committee are questioning whether the nation’s largest public pension system violated ‘exclusive benefit’ rule by prioritizing ESG investments.

Groom Law Group lawyers say new reporting, participant access and $10,000-per-day penalties could reshape PBM contracting—and raise fiduciary scrutiny of drug pricing and formularies.

Vanguard gauged which optional provisions plan sponsors are making deliberate choices to adopt.

Having served time for two separate schemes that stole millions from clients, Alan Bond is running as an independent in a special election to fill Mikie Sherrill’s House seat.

In addition to monetary penalties, the provider agreed to reform its mental health and substance use disorder services.

The court deemed plausible employees’ allegations that the firm improperly used forfeited retirement funds to cut its own costs.

The alleged lack of shared information with a consultant created a ‘palpable tension,’ the court ruled.

The company faced claims of having excessive fees and of mishandling forfeitures.

The bill would extend the deadline for filing to October 15 from July 31 and enhance the process for electronic filing of related information.

The recent federal appropriations act, which ended a brief partial government shutdown, included pharmacy benefit manager reforms.

Settlements reached in 2025 produced median retirement-plan recoveries of just $68 per worker, intensifying the debate over who really benefits from ERISA litigation.

The appellate court reversed a district court ruling, holding that a faxed beneficiary change request failed to satisfy the plan’s formal requirements for changing beneficiaries.

A majority of the reported recoveries came from enforcement actions, according to the agency.

The group countered the Department of Labor’s recent support for employers in litigation about the transactions.

Writing in support of Honeywell, the department described forfeiture complaints as ‘lawyer-fabricated headaches.’

The new rule would force pharmacy benefit managers to reveal how—and how much—they get paid.

A North Carolina court dismissed all claims, holding the workers lacked standing and failed to show real financial harm. 

The complaint alleges the company breached fiduciary duties by retaining underperforming investment options that cost employees millions in retirement savings.

Employers with at least 10 employees must now participate or offer their own plan.

If passed, the program would begin this July, making the Magnolia State the 21st to adopt a state-run program.