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Court Dismisses ERISA Suit over Merrill Lynch's WealthBuilder Plan
PLANSPONSOR 
[Guidance Overview] Sept. 6, 2010
Excerpt: Merrill Lynch's WealthBuilder Plan did not violate [ERISA] because it was a top-hat plan, a federal judge ruled in throwing out a proposed class-action lawsuit by three financial advisers against the company. In deciding the Merrill Lynch plan did not run afoul of ERISA's minimum vesting requirements, [the court] asserted that it fit the guidelines for such plans because it was unfunded and intended for a select group of highly compensated employees.
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