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Federal District Court: Service Provider Not a Fiduciary in Negotiating Its Contract
Proskauer's ERISA Practice CenterLink to more items from this source
Jan. 13, 2015

"The court determined, among other things, that Principal Life was not acting as a plan fiduciary because service providers do not act as fiduciaries when negotiating the terms of their service with the plans as long as the service providers do not control the named fiduciary's negotiation and approval of those terms." [McCaffree Fin. Corp. v. Principal Life Ins. Co., 4:14-cv-00102 (S.D. Iowa Dec. 10, 2014)]

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