Stifel failed to remove two poorly performing funds from the plan, according to the complaint, which was filed on behalf of more than 10,000 participants.

"Plan sponsors should brace for continued litigation, as plaintiffs seek to up-end longstanding assumptions about voluntary benefits and expand the scope of fiduciary liability."

Despite proving at trial that the airline favored ESG goals in its 401(k) plan, the plaintiff failed to show that this resulted in financial losses, according to Judge Reed O’Conner of the U.S. District Court for the Northern District of Texas.

In the second quarter, 138 contracts were sold—down 30% from the same period last year.

The rapid growth of artificial intelligence may be outpacing workers’ ability to apply these technologies to improve efficiency.

The continued rise in chronic and high-cost conditions remains a primary driver of escalating medical costs in the United States.

At a time of significant rate hikes and financial pressures, large employers are driving the future of the health benefits market.

“If a self-directed, virtual, or hybrid work schedule is essential for you to manage your career aspirations and life challenges, you will have a difficult time aligning your priorities with those of the company and the culture we aim to establish.”