Washington, D.C. – The ERISA Industry Committee released a new issue brief, “PBM Reform: Deem PBMs a “Fiduciary” Under ERISA,” calling for pharmacy benefit managers to be deemed a “fiduciary” under ...

Self-insured employers face legal challenges in adopting value-based models, including ERISA fiduciary duties, HIPAA restrictions, and antitrust concerns. Standardized data definitions and performance ...

The number of ERISA class actions against Fortune 500 entities was up 162% in May, according to data from Law.com Radar. Crane Co., an industrial products manufacturer, was accused in a class action ...

If passed, the legislation would require pharmacy benefit managers to act in the best interests of employees who rely on ...

In a 9-0 decision, the U.S. Supreme Court ruled today that Edison International (Edison) employees, who were beneficiaries of the Edison 401(k) Savings Plan (the Plan), could sue their employer for ...

In a reply to complaints brought against it by the National Association for Fixed Annuities (NAFA), the Department of Labor says it is entitled to summary judgment on all claims, and the court should ...

The investment landscape has changed over time, and the Department of Labor (DOL) is intent on changing its regulatory scheme along with it. According to the IRS, in 2020 about 5.7 million Americans ...

A federal judge has granted the motion to dismiss a forfeiture reallocation suit for failure to state a claim.

You serve as insurance agents, brokers and consultants with exclusive trust and influence when you work with employers and their employee benefit plans. Your clients depend on your benefits expertise ...

The Fifth Circuit Court of Appeals has ruled that investment plan advisers cannot be held liable for plan losses as a result of an investment if they were not acting as a fiduciary for that investment ...

A California law imposing fiduciary duties on pharmacy benefit managers intrudes on federally regulated health insurance ...