Peter Gulia Posted November 11, 2019 Share Posted November 11, 2019 A summary plan description's ERISA-rights notice states: “ In such a case, the court may require the Plan administrator to provide the [documents requested] and pay you up to $110 a day until . . . .’’ Has the amount referred to been adjusted? If so, is it $112 or some other amount? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
justanotheradmin Posted November 12, 2019 Share Posted November 12, 2019 Hi Peter, This is what I found. It is from the Estee Lauder case filed last month. Is the amount indexed? If not, it should still be $110. but I confess, I didn't actually read the CFR. "29 C.F.R. § 2575.502c-1 increases the penalty under ERISA § 502(c) to $110 per day" I'm a stranger on the internet. Nothing I write is tax or legal advice. I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say? Link to comment Share on other sites More sharing options...
Peter Gulia Posted November 12, 2019 Author Share Posted November 12, 2019 Thank you. It seems the § 501(c)(1) amount is not a subject of annual adjustment. https://www.ecfr.gov/cgi-bin/text-idx?SID=09b66825bfb139913a2cf2d9385c3489&mc=true&node=se29.9.2575_12&rgn=div8; see also https://www.govinfo.gov/content/pkg/FR-2019-01-23/pdf/2019-00089.pdf at its pages 221-222 [.pdf pages 9-10] Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
PeterN Posted July 9, 2021 Share Posted July 9, 2021 Helpful, good stuff Link to comment Share on other sites More sharing options...
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