Labour market · 21/11/2024

Meta Platforms, Inc. Seeks Exemption from ERISA Restrictions for Health and Welfare Benefit Plan

Meta Platforms, Inc. has submitted a proposed exemption to the Department of Labor to allow its health and welfare benefit plan to enter into an insurance contract with Prudential Life Insurance Company of America, which would cover group term life insurance benefits and other coverage, while ensuring Prudential remains fully responsible for the plan's insurance obligations.