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Bloomberg Industry Group
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BDS Consulting Group
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$5,880 Fine Imposed Against Health Care Company for Delay in Furnishing Summary Plan Description to Plan Beneficiary
PLANSPONSOR; free registration may be required Link to more items from this source
[Guidance Overview]
Dec. 23, 2010
Excerpt: [The court said that the company] 'should have been aware of ERISA's requirements for SPDs. Under the facts and circumstances of this case, the court finds that a penalty is appropriate, but that its magnitude should be modest, amounting to ten dollars per day.'

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