Fiduciary duty and litigation

Kraft Heinz v. Aetna and the shift in employer bargaining power

Originally posted by

If knowledge is power, modern transparency laws have shifted the balance of power towards employees hands.

Only time can tell the ultimate impact of lawsuits like Kraft-Heinz v. Aetna (now in arbitration) and Lewandowski v. Johnson & Johnson (now facing a motion to dismiss), but what is clear is that the suits have already influenced plan sponsors and industry stakeholders.

Plan sponsors should understand their legal obligations and undertake a thorough review.

https://lnkd.in/gSzKaEKr

Sources

  • Kraft-Heinz v. Aetna
  • Lewandowski v. Johnson & Johnson

Originally posted on LinkedIn, where the discussion and source links live in the comments.

About the author

Chris Vanderwolk is Director of Compliance and Innovation at OneDigital | Kistler Tiffany Benefits General Agency, where he helps brokers and employers navigate the regulatory complexity of employee benefits. An ERISA attorney with more than 19 years in the benefits industry, he specializes in translating what the law actually requires into language people can use.

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