Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Hall County Government
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Supreme Court Says Plan Fiduciaries Cannot Seek Recoupment Under ERISA Section 502(a)(3) from a Participant's General Assets (PDF)
Groom Law Group Mar. 2, 2016
"The Supreme Court's decision narrows the timeframe within which plan fiduciaries can enforce their right to recoupment and limits the enforcement of such rights under ERISA section 502(a)(3), making their duty to recover plan assets more cumbersome.... [P]lan sponsors should revisit plan operations to ensure that rights to subrogation and recoupment are asserted promptly. This may require closer monitoring of payment information and potential settlements." [Montanile v. Bd. of Trustees of Nat. Elevator Ind. Health Benefit Plan, No. 14-723 (U.S. Jan. 20, 2016)]
|
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). |