Articles From Wes Covert

Marijuana and group health plans: Is coverage possible? By Wes Covert Employee Benefits, July 2019 As Illinois prepares to legalize marijuana, group health plan sponsors, especially self-insured plan sponsors, may be considering whether they can or should include medical marijuana or cannabis products in their group health plans.
Examination of the recent class action lawsuits filed against large companies alleging improper fee structures concerning the management of plan participants’401(k) plans By Wes Covert Employee Benefits, October 2007 Beginning September 11, 2006, a series of lawsuits were filed against a number of large companies and their third-party administrators, charging that the plan fiduciaries breached their duties under the Employee Retirement Income Security Act of 1974, as amended, (ERISA) by subjecting plan participants to excess fees and expenses, thereby reducing the value of their investments.

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