UnitedHealth Settles for $69 Million in Landmark 401(k) Performance Lawsuit
UnitedHealth Group Inc., has agreed to a settlement of $69 million after facing a lawsuit that accused the health insurance giant of including subpar investment choices in its employee 401(k) plan. This legal confrontation draws attention to the broader implications of employer responsibilities in managing retirement funds, emphasizing the critical need for vigilance and accountability in overseeing employee investments. The lawsuit, which underscored the potential detriments of poor fund performance on employees’ retirement savings, argued that UnitedHealth failed to remove or replace underperforming investments. The settlement serves a dual function: it compensates affected employees and … Read more