Tag

ERISA

Feb 04

What the Newest Set of ERISA Lawsuits Could Mean for Your Organization

By Employee Benefits, Legislative Updates
On December 23, 2025, Schlichter Bogard LLC filed its first healthcare ERISA cases against United Airlines, Labcorp, CHS, and Universal Services over voluntary benefits. This is the same firm with three unanimous Supreme Court victories, over $750 million in settlements, and an estimated $2.8 billion annual reduction in 401(k) fees. Each case generally alleges that the employers and their benefits brokers breached their ERISA fiduciary duties and caused the participants to pay excessive premiums due to failures in: engaging in a prudent process when selecting insurance offerings; monitoring the commissions received by the benefits brokers; and monitoring the loss ratios on…
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Nov 03

Cost Control and Compliance: 4 Moves HR and Finance Can Make Now

By Employee Benefits
Benefits costs are rising, and regulations are tightening. HR and Finance leaders face the challenge of managing both without sacrificing employee experience. The risk isn’t just overspending—it’s fines, audits, and eroded trust if compliance slips. The good news? With the right benefits cost control strategies, you can reduce waste, improve compliance, and protect your program from unnecessary risks. Four Benefits Cost Control Strategies to Prioritize 1. Build a Clean Plan-Data Foundation Fragmented documents and outdated agreements make budgeting and compliance harder. Start by inventorying all plans—medical, pharmacy, dental, vision, HSA/FSA/HRA, life, disability, and wellness. Centralize: Current plan documents (SPD, SBC,…
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