News & Information for Finance, Treasury, and Risk Management Professionals

UnitedHealth Now Facing a 401(k) Class-Action Suit

By Lynn Cavanaugh

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.

Read Story

News

JPMorgan Sees Increased Demand for High-Grade Debt

News

Tariff-Driven Dollar Woes Help Brighten Q1 Earnings

Recommended Just For You

News Stories

May 19, 2025

Interest Rates Likely Static Through September, at Least

“The economy is in a lot of flux, policy is in flux, there’s a lot of uncertainty. I think we’ll have to wait three to six months to start to see where this settles out.”

Read

May 19, 2025

China–U.S. Trade Truce Prompts Some Nations to Change Tactics

“China has too much leverage over the U.S. for the U.S. to continue with its hardline stance. ... What we need to keep in mind is leverage and who has that leverage.”

Read

May 19, 2025

Cigna Employees File 401(k) Lawsuit Alleging Misuse of Forfeited Funds

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.

Read

May 15, 2025

U.S. Producer Prices Fall Unexpectedly, Margins Shrink

“For now, distributors are not passing on all these extra costs to consumers. It will take more time to assess whether a sustained squeeze on margins is occurring.”

Read

May 14, 2025

Despite the Pause, Enormous China Tariffs Still a ‘Huge Nightmare’ for Small Businesses

Pressure on immediate-term cash flows has eased somewhat, but planning for the future is as murky as ever.

Read

May 14, 2025

Trump Pressures Fed to Lower Interest Rates

Referring to yesterday’s inflation report and calling the Fed chair “Too Late Powell,” the president said on social media that waiting to understand tariffs’ effect on prices is “not fair to America.”

Read