401k Litigation Update

In 2016 and 2017, 107 complaints were filed with the DOL about 401k plans. This is the most since 2008-2009 according to Retirement Study done at Boston College. Some things are obvious- when markets fall, complaints tend to rise. These complains tend to fall with plans that were not being paid enough attention to typically, and resulted in “hundreds of …

Oscar Health sues Florida Blue, alleging monopoly of individual ACA health insurance market

Naseem S. Miller / Orlando Sentinel Oscar Health, the new player in Florida’s ACA marketplace, has filed a federal lawsuit against Florida Blue, alleging that the insurer is using improper tactics to stifle competition in the state and monopolize the individual plan market. In an antitrust lawsuit filed on Tuesday morning in the federal court’s Middle District of Florida, Oscar …

Another 401k suit

NAPA is reporting another fee-based lawsuit against a Plan Sponsor: “Yet another 401(k) provider and investment manager has been sued by one of its own participants for breaching its fiduciary duties to the plan – and while the claims are familiar, the venue is different. This time the target is Mutual of Omaha in a suit filed last week in …