Ascension Health Agrees To Cover $29.5M To Settle Wheaton Plan Suits

Mealey's (September 11, 2017, 7:36 PM EDT) -- CHICAGO — The plaintiffs suing Wheaton Franciscan Services Inc. and Ascension Health, the company that acquired Wheaton’s health care subsidiaries in southeast Wisconsin and became the sponsor of the Wheaton Franciscan Retirement Plan, on Sept. 1 moved in the U.S. District Court for the Northern District of Illinois for preliminary approval of a $29.5 million settlement to end claims that the defendants denied ERISA protections by improperly claiming that the plan qualifies as a “church plan” (In Re Wheaton Franciscan ERISA Litigation, No. 16-04232, N.D. Ill.)....