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.
“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.”
Corporate cash managers need to pull themselves up the learning curve so that they’re ready to invest in tokenized money-market funds once safeguards for liquidity, safety, and yield are firmly in place.
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.”
Representing 16,000 employees, a former participant in the retirement plan filed a class-action lawsuit, alleging the plan’s target-date funds from American Century Investments should have been replaced.
