Retirement & Benefits

Nearly 31.9 million 401(k) plans have been forgotten or left behind when employees were terminated or changed jobs.

The move will be ‘“devastating” for the recipients who have permission to receive them.

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 action comes on the heels of several significant ERISA class-action settlements in 2024 and 2025.

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