Allied Universal Recognized as One of America's Best Companies and Faces ERISA Overcharge Lawsuit
Allied Universal, the world's largest security and facility services company, has been named to Forbes' 2026 list of America's Best Companies, highlighting its excellence in overall performance. The company is the only provider of physical security services to make the list, which considers 100 metrics across 11 categories, including financial performance, media opinion, employee ratings, and customer sentiment. Steve Jones, the CEO, credited the recognition to the professionalism and dedication of their team, emphasizing ongoing investments in technology and culture. In addition to this accolade, Allied Universal is involved in an ERISA class action lawsuit investigation. Current and former employees who participated in company-sponsored retirement and health benefit plans may have been overcharged fees, violating federal law under the Employee Retirement Income Security Act (ERISA). Employees are encouraged to fill out a form to see if they qualify for potential compensation, as allegations suggest the companies failed to manage benefit plans responsibly, resulting in higher-than-necessary costs. ERISA mandates that employers act in the best interests of employees in managing benefit plans, including careful fund management and reasonable administrative fees. The investigation aims to determine if Allied Universal or LabCorp employees paid excessive fees for their benefits, which could entitle them to recover losses or seek damages. Employees interested in joining the lawsuit investigation are advised to submit their information promptly, as legal review and potential representation will follow.
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