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A complaint by Wesco Inc. claims BCBSM exploited self-funded health plans by charging fees to fix its own billing errors, in violation of federal fiduciary duties.

A 2024 survey of school officials by the Equable Institute found that retirement contributions are rising significantly faster than public school funding.

The safety net program’s board of trustees projected that the funds will be exhausted one year sooner than previously expected.

The GENIUS Act sets new compliance standards for issuers of stablecoins.

The complaint had accused the company of breaching its fiduciary duties and engaging in prohibited transactions.

According to the notice, a pandemic-era pension rescue program could lead to unexpected costs.

While the version differs only slightly from the House version, the Senate increase senior deductions but did not propose expanding health saving account contributions.

Retirement plan participants alleged the service organization engaged in prohibited transactions, while the health care giant agreed to pay a record fee.

The funded status of the 100 largest corporate defined benefit pension plans increased by $22 billion in May.

Wagner Law Group adds to LA office; Star Mountain Capital names new CIO; Transamerica appoints head of life distribution; and more.

Rules spanning ESG, cybersecurity provisions and more have been rescinded.

Vanguard launches an actively managed bond ETF; EBC Financial rolls out more than 100 ETFs; Voya Financial introduces a parental leave tool and more.

Balances still grew despite the increase rate of withdrawals in 2023, the report found.

Carriers showed increased interest in retirement income solutions, innovation and AI implementation, according to a Goldman Sachs Asset Management survey.

A separate lawsuit was filed against the health care company in May, as similar cases continue.

Discussion topics include ‘anticompetitive conduct’ by pharmaceutical companies’ ‘regulatory abuse’ and turning insights into action.

Managers are looking at plan design changes or risk transfers, in lieu of walking away.

The council has not met since President Donald Trump’s inauguration, but the report was released after Democrats in Congress raised concerns about the council’s future.

A federal judge in Massachusetts granted partial summary judgment in favor of Liberty Mutual, but an alleged breach of the duty of prudence was allowed to continue.

The new second in command will oversee the company’s workplace, employee planning and wealth-planning businesses.