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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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New York City District Council of Carpenters Benefit Funds
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Fringe Benefit Group
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Greenline Wealth Management
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Pollard & Associates
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Defined Benefit Consultant/Enrolled Actuary Pension Plan Specialists, PC
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Tenth Circuit Holds Nondeferential Standard of Review Applies Because Discretionary Authority Provision Was Not Disclosed
Thomson Reuters / EBIA Aug. 6, 2020 "Unless the plan document grants the decisionmaker discretionary authority to interpret and administer the plan and to make factual determinations, the less favorable de novo standard of review applies. And, as shown here, even if discretionary authority language appears in the formal plan document, deferential review may be lost if the discretionary authority provision is not disclosed in the SPD." [Lyn M. v. Premera Blue Cross, No. 18-4098 (10th Cir. Jul. 24, 2020)] |
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