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Sixth Circuit: Plan Fiduciary Reasonably Relied On Benefit Calculations In Communicating To Participant
Proskauer's ERISA Practice Center Blog 
May 23, 2013 "The Sixth Circuit also agreed with the district court that the fiduciary breach claim should be dismissed because any misrepresentation made by the committee was not made negligently.... [T]he service provider performed a ministerial function for the plan by managing software to calculate benefits according to unambiguous plan terms, the committee relied on the service provider's program to provide the estimates, and the committee had no reason to doubt the service provider's competence." [Stark v. Mars Inc., No. 12-3956, 2013 WL 1908889 (6th Cir. May 9, 2013)] MORE >> |
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