Seventh Circuit Confirms ERISA 'Implied Exception' for Participant-Directed Plans (PDF)

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4/21/2006: Seventh Circuit Confirms ERISA 'Implied Exception' for Participant-Directed Plans (PDF) (Sutherland Asbill & Brennan LLP)

3 pages. Excerpt: The nascent body of case law concerning participant-directed plans recently received a contribution from the Seventh Circuit, which affirmed summary judgment for a plan trustee even though the plan did not satisfy the 'safe harbor' of ERISA section 404(c). Jenkins v. Yager, __ F.3d ___ (7th Cir. April 14, 2006).

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