Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Census Coordinator

BPAS
(Utica NY / Hybrid)

BPAS logo

Plan Administrator

DWC ERISA Consultants LLC
(Remote)

DWC ERISA Consultants LLC logo

Omni Operator

BPAS
(Utica NY)

BPAS logo

Client Service Specialist

EPIC RPS
(Remote / Norwich NY)

EPIC RPS logo

Retirement Plan Administrator

Compensation Strategies Group, Ltd.
(Remote)

Compensation Strategies Group, Ltd. logo

Retirement Combo Plan Administrator

Heritage Pension Advisors, Inc.
(Remote / Commack NY)

Heritage Pension Advisors, Inc. logo

Defined Benefit Specialist II or III

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Senior Plan Administrator

Merkley Retirement Consultants
(Remote)

Merkley Retirement Consultants logo

Distributions Processor - Qualified Retirement Plans

Anchor 3(16) Fiduciary Solutions, LLC
(Remote / Wexford PA)

Anchor 3(16) Fiduciary Solutions, LLC logo

Regional Sales Consultant

The Pension Source
(AL / AR / GA / KY / MS / TN / TX)

The Pension Source logo

Plan Installation Manager

July Business Services
(Remote / Waco TX)

July Business Services logo

Implementation Specialist

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Structuring a Settlement to Fund a Special Needs Trust May Not Work to Block ERISA Plan's Recovery
Benefits Bryan Cave Link to more items from this source
June 28, 2013

"[The participant] entered into a settlement with a third party for $294,440, but did not reimburse the ERISA group health plan for the $50,076 in medical expenses it paid.... [T]he settlement required the defendant to purchase an annuity from an unrelated insurer.... [The participant's] attorney indicated that the settlement was specifically structured to avoid any equitable lien claimed by the ERISA group health plan.... [T]he plan sued the trustee of the plan participant's special needs trust.... [T]he Fifth Circuit concluded that it was appropriate equitable relief under ERISA to impose a constructive trust on ... the proceeds from the annuity as they are paid into the special needs trust." [ACS Recovery Services, Inc. v. Griffin, No. 11-40446 (5th Cir. May 7, 2013)]  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).