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Anti-assignment clauses in ERISA health plans are useful to plan sponsors in fending off lawsuits by out-of-network providers. Federal courts have consistently upheld anti-assignment...
The days when an employee stuck with one company throughout their career are largely gone in the U.S. Instead, many workers switch jobs every few years, seeking new opportunities for professional development and salary increases. While a focus on one’s career mobility can be positive, one aspect of such a change is too often neglected—retirement savings. For guidance on how to help protect the savings you have worked hard to earn, we turn to some helpful information via Options When Switching The information compiled by U.S. Money Reserve can help people learn what to do with an ...
Court Grants Cumulus Mediaâs Motion to Dismiss Time-Barred ERISA Claims December 18, 2020 On Thursday, Judge Thomas W. Thrash, Jr. of the Northern District of Georgia issued an order and opinion granting Cumulus Mediaâs motion to dismiss time-barred claims in a Employee Retirement Income Security Act (ERISA) class-action complaint. The Judge granted dismissal of one plaintiffâs claims for lack of standing because she ceased being a participant in the 401(k) plan before the time period limitations. In their complaint, the plaintiffs averred that the defendant breached its fiduci...