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Text of Federal District Court Opinion: Plan Administrator's Rounding of Interest Rate Used for Cash Balance Plan Calculations Was Not Abuse of Discretion (PDF)
U.S. District Court for the Middle District of North Carolina 
Sept. 30, 2014
"[R]ounding random numbers will produce half the number set rounding up and half rounding down.... [G]enerally, rounding is more fair than truncating. If the Plan Administrator had decided to truncate the decimal after five digits it would have the practical effect of always rounding the Monthly Interest Rate down. More fundamentally, the relevant ERISA analysis is one of administrator discretion, not whether 'the court itself would have reached a different conclusion.' ... The mere fact that the Plan Administrator made a discretionary decision that did not benefit Plaintiff does not, by itself, render that decision unreasonable." [Johnson v. Duke Energy Retirement Cash Balance Plan, No. 1:13CV156 (M.D.N.C. Sept. 29, 2014)]
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