Major Health Insurers Face Lawsuits Over 401(k) Mismanagement
Originally Published 7 months ago — by Fortune
UnitedHealth Group faces multiple lawsuits, including a class-action claim alleging it improperly used $19 million in forfeited employee 401(k) funds to reduce its own costs instead of benefiting plan participants, violating fiduciary duties under ERISA. The company denies the allegations and is seeking to dismiss the case. It also faces other legal challenges related to healthcare practices and corporate conduct.