Three former employees of the Cigna Group have filed suit against the company, alleging it misused forfeited funds in its 401(k) plan in violation of the Employee Retirement Income Security Act, the ...

Cigna was again sued for fiduciary violations for using forfeited funds to reduce employer contributions to the plan, following a similar suit last month. What's surprising is that another health ...

Cigna was again sued for fiduciary violations for using forfeited funds to reduce employer contributions to the plan, ...

While another major health insurance company, Kaiser Foundation Health Plan, saw its 401(k) “forfeited funds” lawsuit dismissed earlier this month, Cigna was sued last week for similar ...

The Cigna Group is the latest company to face a lawsuit over its treatment of forfeitures. Meanwhile, software company Intuit Inc. has Cigna hit with 401(k) forfeiture lawsuit | HealthLeaders Media ...

CIGNA Corp. has been drawn into multistate litigation alleging insurers paid hidden kickbacks to brokers, ... unrelated lawsuit by employees over the company’s 401(k) ...

While lawsuits continue to be filed against companies alleging their management of forfeited funds in 401(k) plans violates their duties under the Employee Retirement Income Security Act, another ...

The company 401(k) plan held more than $2 billion in assets, and most of that money was overseen by Cigna's Retirement Business, according to the suit. “This is a serious breach of fiduciary ...

Plaintiffs in the Cigna lawsuit acknowledged the choice, ... The Cigna Group 401(k) Plan, Philadelphia, had assets of $13 billion as of Dec. 31, 2023, according to the latest Form 5500.

Participants in a Cigna Corp. 401(k) plan have reached a preliminary agreement with the company and several other defendants to settle a class-action suit in which the participants had alleged a ...

Plan sponsors of 401(k) defined-contribution plans aren't strangers to litigation over investment options, but a new set of lawsuits focused on past performance could lead to chasing top ...

Schlichter, Bogard & Denton, on Behalf of Cigna 401(K) Plan Participants, Settles Excessive Fee Lawsuit for $35 Million June 21, 2013 04:58 PM Eastern Daylight Time. ST. LOUIS-- ...