Cigna employees have filed a lawsuit against the company for allegedly violating its fiduciary duties under the Employee Retirement Income Security Act (ERISA). The claims stem from Cigna allegedly using forfeited funds from the company’s 401(k) plan to reduce its contributions to the plan rather than to reduce or eliminate participant administrative costs. The case
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DOL Announces It Will Not Enforce Biden-Era Independent Contractor Rule
The U.S. Department of Labor’s Wage and Hour Division (DOL) recently issued a bulletin announcing that its field staff will no longer utilize the agency’s 2024 independent contractor rule in enforcing the Fair Labor Standards Act (FLSA).
The DOL bulletin directs staff to apply a 2008 fact sheet and a 2019 opinion letter in cases…
HHS Settles Potential HIPAA Violations for $600,000 After Phishing Attack
The U.S. Department of Health and Human Services (HHS) has announced a $600,000 settlement with an entity covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) following a phishing attack. The settlement involves PIH Health, Inc., a California-based health network.
The HHS Office of Civil Rights (OCR) began investigating the incident after…
Episode 5: Driving Business Success Through Smart Compensation Strategy
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Episode Summary:
This episode highlights how in-house legal and HR leaders can work together to align compensation strategies with business objectives, manage compliance, and adapt to an evolving regulatory landscape. David Hall speaks with Mark Beatty, SVP of Global Total Rewards at Paramount, about his career shift…
The Impact of Trump’s Tariffs on Individual 401(k) Retirement Plans
Retirement plan trading activity was high in the first quarter of 2025 —even before Trump announced his new tariff policy—and has fluctuated significantly on a day-to-day basis since. As a result, March 2025 was the most active month for retirement plan trading since 2020. However, the S&P 500 Index recently lost $2.4 trillion in one…
Senate Judiciary Committee Asks FTC to Release Prescription Drug Market Report
The Senate Judiciary Committee unanimously approved the bipartisan Prescription Pricing for the People Act of 2025. The Act requires the Federal Trade Commission (FTC) to issue a final report on the prescription drug market. The report must include the overall impact of how pharmacy benefit managers (PBMs) and other third parties affect how much patients…
House Rep. Reintroduces Association Health Plan Acts Bill
Rep. Tim Wahlberg, R-Mich., has reintroduced the Association Health Plan (AHP) Acts bill, which now may have a better chance of success. AHPs allow individuals or employers to join together to purchase health care coverage more easily.
Walberg has been a long-time supporter of AHPs and has introduced similar bills since 2018. However, he now…
Jury Awards Bank Workers $38M in Pentegra 401(k) Excessive Fee Lawsuit
Following a rare trial in a 401(k) excessive fee lawsuit in a New York federal district court, the jury awarded more than $38 million to over 26,000 current and former bank employees. The case is Khan et al. v. Board of Directors of Pentegra Defined Contribution Plan, No. 7:2020cv07561 (S.D.N.Y. 2023). The case involves…
Federal Court Rules ERISA Preempts State PBM Law as Applied to Self-Insured Plan
A federal district court has ruled that the Employee Retirement Income Security Act (ERISA) preempts a state’s “any willing provider” (AWP) law as applied to self-insured health plans. The case is McKee Foods Corp. v. BFP, Inc., 2025 WL 968404 (E.D. Tenn. 2025).
In McKee, an employer offered a self-insured health plan, including prescription drug…
Court Vacates HHS Regulation Allowing IRS to Certify Employer Shared Responsibility Penalty Under ACA
In Faulk Company, Inc. v. Becerra, 2025 WL1085080 (N.D. Tex. 2025), an employer sued the U.S. Department of Health and Human Services (HHS) for failure to offer minimum essential coverage under the Affordable Care Act (ACA). The suit arose after the Internal Revenue Service (IRS) issued a Letter 226-J to the employer, which proposed shared responsibility penalties…