UnitedHealth Group improperly uses workers’ funds to reduce its own 401 (k) contributions, according to a lawsuit against the nation’s largest health insurer that is seeking class-action status.

This class action lawsuit was brought by Kim Snyder, who worked for UnitedHealth as a nurse, who alleged the company's 401 (k) retirement plan invested in low-performing target-date funds; that ...

The class-action lawsuit alleged that the health care giant cost workers millions in lost gains by forcing them into lower-performing 401 (k) options. UnitedHealth Group settled in December.

A wave of ERISA lawsuits could alter workplace retirement plans By Elijah Nicholson-Messmer April 29, 2025, 5:20 p.m. EDT 5 Min Read wutzkoh - stock.adobe.com ...

Last year, UHG paid $69 million to settle claims that fund selections in its 401 (k) plan underperformed the market. It’s also facing a number of lawsuits relating to its provision of health care.

Workplace retirement plans are facing a growing wave of class action lawsuits under the Employee Retirement Income Security Act (ERISA), pushing employers to evaluate the policies that dictate how 401 ...