Employees who participated in benefit plans at LabCorp or Allied Universal may be entitled to compensation, following revelations of excessive fees charged for these plans. A class action law firm is conducting an investigation into claims that employees were subjected to higher fees than necessary while enrolled in company-sponsored retirement and health plans.
The Employee Retirement Income Security Act (ERISA) mandates that employers and plan administrators operate benefit plans in the best interest of employees. Violations of this law occur when companies fail to manage these plans responsibly, which can include mismanaging funds or imposing unreasonable fees.
Reports from current and former employees suggest that both Allied Universal and LabCorp may have significantly overcharged for their employee benefits. Allegations state that these companies did not properly evaluate or monitor benefit accounts, potentially leading to costs that exceed those of comparable plans.
If you were a participant in retirement or health plans associated with either of these companies, there is a possibility that you could be compensated for overcharges or lost benefits. Current and former employees are encouraged to assess their eligibility to participate in the ongoing investigation by filling out a form provided by the legal firm managing the case.
This legal initiative not only highlights the importance of accountability among employers regarding employee benefits but also offers hope for restitution for affected individuals. By acting promptly, those who were impacted may find a pathway to reclaiming their losses. Interested employees should fill out the form for a free case evaluation to explore their options.