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Daybright Financial
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Relationship Manager – Defined Contributions Daybright Financial
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Best to Save Plan Documents Until All Retirees and Beneficiaries are Dead
Leonard, Street and Deinard 
Nov. 14, 2013 "A recent federal district court decision imposed a penalty of $4,470 on a plan administrator who delayed providing the widow of a plan participant with the plan document in effect 34 years ago.... The court did not accept the employer's plea that it should not be penalized for having failed to provide the information sooner. The court noted that there was no evidence in the record regarding the steps that the company had taken to try to locate the documents." []Hartman v. Dana Holding Co., No. 1:12-CV-445 (N.D. Ind. Oct. 21, 2013)] MORE >> |
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