ERISA class action lawsuits against retirement plan fiduciaries have become commonplace over the last few decades, usually alleging that imprudent processes and lack of oversight led to excessive fees for investment options, recordkeeping services, and investment management services. Now, thanks to the new application of ERISA 408(B)(2) service provider compensation disclosure requirements to health plans and not just retirement, and transparency laws, health plan fiduciaries are starting to face similar class actions. What can employers do to shield themselves from such claims? Here’s an overview of what you need to know, key takeaways from a recently filed lawsuit, and 10 best practices for group health plan fiduciaries. https://lnkd.in/gtSSG-nE
Leavitt Group
Insurance
Cedar City, Utah 9,038 followers
With 150+ agencies and 250+ locations in 27 states, we have professionals close by to help.
About us
Ranked among the top three spots for growth due to acquisition in the property & casualty (P&C) space, Leavitt Group stands as one of the top privately held insurance brokerages nationwide. With an extensive network of 90+ agencies and 250+ locations across 27 states, Leavitt Group's agencies offer a distinctive advantage with local ownership, delivering a personalized and consultative approach to commercial insurance, employee benefits, and personal insurance needs. With over 70 years in the insurance industry, Leavitt Group brings national strength and local trust to the communities and clients they serve. As one of the top privately-held insurance brokerages in the nation, we bring you the national resources, expertise, problem-solving skills, and key insurance company and underwriting relationships that will result in an effective risk management and employee benefits strategy. Our agencies provide a broad range of insurance services, including: - Business Insurance - Group Employee Benefits - Industry Programs - Personal Insurance To learn more about our company, visit www.leavitt.com.
- Website
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http://www.leavitt.com
External link for Leavitt Group
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Cedar City, Utah
- Type
- Privately Held
- Founded
- 1952
- Specialties
- Business Insurance, Personal Insurance, Group Benefits, Industry Insurance Programs, Employee Benefits, Property and Casualty Insurance, Risk Management, Loss Mitigation, and Commercial Insurrance
Locations
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Primary
136 W. University Blvd
Cedar City, Utah 84720, US
Employees at Leavitt Group
Updates
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Leavitt Group is proud to have accepted the Women's Leadership Institute "ElevateHER Challenge" to lift women professionally. Today, we heard from an inspiring panel of women golf professionals at Copper Rock Golf Course, which also happens to be the venue for the LPGA EPSON tour and LPGA Senior Championship, of which Leavitt Group is a sponsor. #leavittlove
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The federal government took an unprecedented step recently by finalizing a rule that seeks to ban non-competition agreements between nearly all employers and all workers. If the rule survives legal challenges (and challenges arose within 24 hours of the rule’s issuance, including a lawsuit by the Chamber of Commerce), you will not only be prohibited from entering into most new non-competes, you’ll also be prevented from enforcing existing non-competes in all but a few circumstances, such as against a limited class of senior executives. Moreover, you’ll be required to provide notice to current and former workers that their non-competes are no longer valid. While the rule is not slated to take effect until August and is already being challenged in court — which could derail it or kill it altogether — you may not want to wait to start preparing. Here is an overview of the final rule and a five-step plan for you to consider. https://lnkd.in/gHcJZcbr
Feds Ban Non-Compete Agreements: A 5-Step Plan for Employers
https://news.leavitt.com
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Today we honor women everywhere and their enduring contribution to communities and families. Anne Leavitt, Leavitt Group co-founder and mother to six boys, is one such example who at 92 years old, continues to inspire us. Here's what some of her grandchildren have to say. #leavittlove
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Vandalism poses a risk to nearly every business and its properties. However, with the right risk management strategies and property insurance in place, you can protect your business and significantly reduce the risk of vandalism. https://lnkd.in/gDKEMH5C
Protecting Your Business From Vandalism
https://news.leavitt.com
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Congratulations Lindsey Kirby, who was appointed by Nationwide to the Personal Lines Nationwide Agent Council for 2024. Her passion for insurance and her industry knowledge makes her an excellent addition to this forum. Lindsey has been in the insurance industry for 18+ years, and before her current appointment as Leavitt Group’s personal lines practice leader, she led the personal lines department for Leavitt Group’s Montana agency. We also express thanks to Nationwide for the continued partnership!
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Although cloud computing provides a number of benefits, it also carries unique cyber exposures. Specifically, without proper safeguards in place, organizations could be susceptible to cloud-based cyberattacks and associated losses. To limit the potential risks stemming from cloud computing, it’s imperative for organizations to adopt effective security management measures. https://lnkd.in/gHutFFeJ
Navigating Cloud Security: Strategies for Safeguarding Your Digital Assets
https://news.leavitt.com
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We've got another affiliation! InsuranceHub Leavitt Agency recently welcomed two Georgia-based agencies: DM Insurance and The Nolan Group Insurance Solutions. Congrats to InsuranceHub on their continued growth, and we welcome the DM Insurance and The Nolan Group Insurance Solutions teams! #leavittgroup #wearegrowing #insurancenews #insuranceindustry https://lnkd.in/gYySZhUq
InsuranceHub Expands its Network with New Affiliates DM Insurance and The Nolan Group Insurance Solutions
https://news.leavitt.com