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Is anyone aware of specific cases addressing claims for monetary damages relating to the exclusion of eligible employees in a 401(k) plan - sponsor has already followed EPCRS correction guidance and made QNEC?  Thanks in advance.

Posted

Monetary damages are rare under ERISA.  The usual remedy is to put participants in the position that they should have been absent a violation.  In technical terms, ERISA looks to equitable remedies rather than legal remedies (damages).

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