Nicholas Pension Consultants
Hochheiser Deutsch & Co, Inc.
Loren D. Stark Company
RTD Financial Advisors
Retirement Plan Consultants
Kentucky Trust Company
EPIC Retirement Plan Services
Plumbers Local Union No. 1 Benefit Funds
Farmer & Betts, Inc.
ERISA Services, Inc.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Eighth Circuit Finds Group Life Insurer Potentially Liable for Enrollment Mistakes of Employer|
Feb. 28, 2015
"[T]he Eighth Circuit joined a number of other circuits in recognizing equitable remedies of reformation and surcharge based on a breach of fiduciary duty under ERISA. The claim for supplemental life insurance benefits under the employer's group policy was denied because the employee failed to submit evidence of insurability as required under the plan. However, in concluding that the plan insurer breached its fiduciary duties, the court relied primarily on the actions and omissions of the employer.... [T]he court seemed to hold MetLife responsible for the employer's failure to provide a summary plan description.... [It] was also the employer's responsibility to properly enroll individuals. If the employer did so improperly, this should not be a basis for imposing liability on MetLife." [Silva v. Metropolitan Life Ins., No. 13-2233 (8th Cir. Aug. 7, 2014)]
|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 link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|