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District Court Finds Employer's Profit Sharing Plan Is Not Covered by ERISA
BakerHostetler via JDSupra 
July 3, 2019 "The court ... found that the phrase 'provides retirement income' refers only to plans created for the purpose of paying retirement income. Clearly, the Plan was not designed for such a purpose, even though it allowed contributions to go toward retirement. The court also ... pointed to the Plan's express intent to fall within ERISA's coverage exemption for bonus plans[.]" [Scanlan v. American Airlines Group, Inc., No. 18-4040 (E.D. Penn. Jun. 18, 2019)] MORE >> |
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