Monthly Archives: April 2022

Your ERISA Watch – Sixth Circuit Rules That Employers Act in a Fiduciary Capacity When They Mishandle Premium Payments for Employee Benefit Plans

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Chelf v. Prudential Ins. Co. of Am., No. 20-6097, __ F.4th __, 2022 WL 1090168 (6th Cir. Apr. 12, 2022) (Before Circuit Judges Moore, Clay, and Stranch) Elmer Chelf, a Wal-Mart employee, passed away while on disability leave. His wife, plaintiff Ruth Chelf, submitted a claim under Wal-Mart’s basic and optional life insurance employee benefit […]

Tip of the Week

Changes in Financial Knowledge Post Peer Financial Counseling Researchers Gallardo, Moore, and Scott investigated the differences in financial knowledge before and after financial counseling for various subgroups. The study did uncover some unique findings regarding the impact of financial counseling among college student subpopulations: gender, major, class rank, and family education level. The study shows […]

Your ERISA Watch – The Ninth Circuit Giveth, the Ninth Circuit Taketh Away in Two Health Cases Against United

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Ryan S. v. UnitedHealth Group, Inc., No. 20-56310, __ F. App’x __, 2022 WL 883743 (9th Cir. Mar. 24, 2022) (Before Circuit Judges Collins and Lee, and District Judge Jill A. Otake) Wit v. United Behavioral Health, No. 20-17363, __ F. App’x __, 2022 WL 850647 (9th Cir. Mar. 22, 2022) (Before Circuit Judges Christen and […]

Tip of the Week

Social Security Coordination to Create a Tax-Efficient Withdrawal Strategy Many financial advisors consider tax brackets when recommending a withdrawal strategy for their retired clients. However, they should pay attention to clients’ marginal tax rates, where their marginal tax rate reflects the additional income tax they owe on their next dollar of income What many people, […]