EBIA Weekly Archives - 401(k) - Court Cases
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Results (326 articles found)
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- Trial Court Permits Limited Discovery Regarding Insurer's Alleged Conflict of Interest
- From the August 21, 2008 EBIA Weekly
- In its recent decision in the Glenn case, the U.S. Supreme Court held that an insurer’s dual role in deciding and paying claims for benefits creates a conflict of interest that a court should consider when determining ...
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- What a Difference a Word Makes: Plan Without "Discretion" Language Loses Appeal in Benefits Case
- From the July 15, 2008 EBIA Weekly
- Two recent federal appeals court cases demonstrate that having the right language in the plan document often determines whether the plan wins or loses a benefits-denial case. In each case, the plan administrator denied a claim for disability benefits, ...
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- Failure to Meet Technical Requirements and to Timely Submit Divorce Decree Prevent Recognition as QDRO
- From the July 15, 2008 EBIA Weekly
- This case involved a divorce decree that was not submitted to the plan administrator until after the participant’s death, which occurred more than two years after the divorce. The plan administrator found that the decree could not be ...
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- Supreme Court: Insurer's Conflict in Evaluating and Paying Claims Is a Factor That Reviewing Court Must Consider
- From the June 19, 2008 EBIA Weekly
- The U.S. Supreme Court has held that an insurer’s dual role in deciding and paying claims for benefits creates a conflict of interest that a court should consider when determining whether the insurer abused its discretion by ...
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- Plan Language Required Dismissal of Fiduciary Breach Claim Based on Alleged Misclassification of Employees as Exempt
- From the June 12, 2008 EBIA Weekly
- The employees in this case alleged that their employer, a provider of group health plans, misclassified them as exempt employees when they should have been classified as non-exempt employees entitled to overtime pay under the state and federal fair ...
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- Beneficiary Designation Form Not Valid When Participant Did Not Sign and Date It
- From the June 12, 2008 EBIA Weekly
- In this dispute over an incomplete beneficiary designation form, the trial court upheld the plan administrator’s determination that the unsigned and undated form was not valid. When the participant in this case died, he had two beneficiary designation ...
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- Plan's One-Year Time Limit for Filing Benefit Lawsuits Is Unenforceable Unless Disclosed in Denial Notice
- From the June 12, 2008 EBIA Weekly
- The trial court in this case refused to enforce an ERISA plan’s one-year time limit for filing benefit lawsuits against a participant who was not notified of the limit in her benefit denial notice. (The participant had ...
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- Court Suspends Deadline for Filing Lawsuit While Participant Exhausted Plan's Administrative Appeals
- From the May 22, 2008 EBIA Weekly
- After her LTD benefits were terminated, the participant in this case filed an administrative appeal. Two years after the appeal was denied—and more than three years after the termination of her benefits—the participant sued the plan. ...
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- Court Adopts Prudence Presumption in Stock Drop Case: No Fiduciary Breach for Failure to Divest Employer Stock
- From the May 22, 2008 EBIA Weekly
- This case was brought by participants in a 401(k) plan after the employer disclosed that it had engaged in sham transactions and the price of its stock dropped about 40 percent in one week. The participants claimed that the ...
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- Prison Sentences Upheld for Unpaid Plan Contributions Under ERISA Theft Statute
- From the May 08, 2008 EBIA Weekly
- Over a two-year period, the corporate executives in this case (a CEO and CFO) failed to make required contributions to the company’s retirement plans and failed to use employee health plan contributions to pay benefits under that ...
