Corporate Finance

This class-action suit is one of 50 filed in the past two years by employees challenging how employers use the “forfeited funds” from departing employees who leave before they are vested in the retirement plan.

Companies must decide whether to issue now, when rates are higher but tariffs are paused, or wait until autumn, when rates are expected to fall but tariffs may have kicked in.

Risk premiums in the CCC tier of the bond market have jumped more than 150 basis points this year. Still, some argue spreads aren’t yet fully reflecting concerns about growth, trade, and geopolitics.

In 2022, the U.S. Department of Labor warned fiduciaries to “exercise extreme care” before adding a cryptocurrency option to their plans. Today the agency has rescinded that guidance.

The health insurer is facing a second 401(k) suit this year, alleging forfeited funds from departing employees were improperly used, after settling another 401(k) lawsuit in December for a record $69 million.

Following the sudden departure of its CEO, the health insurer is now facing an employee lawsuit that alleges UnitedHealth reduced employer contributions to the 401(k) plan by more than $19 million by using forfeited funds from departing employees, an ERISA violation.

With the U.S. dollar down 6% since the start of the year, some companies now expect FX to boost 2025 revenues by hundreds of millions of dollars.

The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.