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| Benefits & Administration |
| Study Highlights Newest Trends in Reducing Employer Health Benefit Costs |
| More midsize and large employers are foregoing the short-term savings offered by cost-shifting and turning to strategies addressing care delivery and health management, Mercer finds.Read more > |
| Companies With ESOPs Report Advantages for Business |
| The results of this year’s Economic Performance Survey (EPS) show that, once again, companies belonging to The ESOP Association have experienced positive corporate performance. Other than financial benefits, respondents reported company culture and employee productivity benefits. In addition, companies contributed far more to their ESOPs than the typical 401(k) match.Read more > |
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| Compliance |
| Putnam Asks for Stay in Self-Dealing Case to Seek Supreme Court Input |
| Putnam Investments has asked, and the 1st U.S. Circuit Court of Appeals has approved, a stay in a case alleging that the investment firm engaged in self-dealing by including high-expense, underperforming proprietary funds in its own 401(k) plan. In its motion, Putnam asked the Appellate Court to stay the case pending the filing and disposition of a petition for a writ of certiorari to the United States Supreme Court. The Circuit courts are split on the issue of whether when a plaintiff shows a fiduciary’s breach of duty led to plan losses, the burden shifts to the fiduciary to prove that the loss was not caused by its breach or the burden is on the plaintiff to prove that the fiduciary’s imprudence resulted in the loss.Read more > |
