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Atrium Health Hit With Would-Be Class Action Over Benefit Plans (1)

Nov. 20, 2018, 4:40 PM; Updated: Nov. 20, 2018, 10:00 PM

Atrium Health underfunds its pension plan and evades its obligations under federal benefits law by wrongly claiming to be a “governmental entity,” a new lawsuit alleges.

Atrium, a North Carolina hospital system with more than 65,000 employees, incorrectly relies on a legal exemption for governmental entities to avoid giving workers protections afforded by the Employee Retirement Income Security Act, the lawsuit claims. Atrium’s pension plan is underfunded by about $379 million and workers are forced to wait too long to vest in their pension benefits, according to the Nov. 19 complaint.

The proposed class action was filed by Cohen Milstein...

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