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|Insurer With "Administrative Services Only" Contract Ruled to Be Fiduciary|
Thompson Publishing Group
Jan. 11, 2002
Excerpt: An employer's breach of fiduciary duty claims against an insurer under an administrative services only (ASO) contract were not dismissed -- even though the insurer was not named as a fiduciary in the plan documents -- because the insurer exercised discretion in managing plan assets and maintaining plan records, a federal district court ruled on a summary judgment motion.
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