Compass
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Ninth Circuit: Employer Has Fiduciary Duty to Provide Adequate Notice of Life Insurance Conversion Rights
Thomson Reuters Practical Law Feb. 11, 2021 "The Ninth Circuit reversed a district court's holding that the employer had no fiduciary duty under [ERISA], aside from providing an insurance certificate/summary plan description (SPD), to notify the participant that his life insurance coverage would end.... In the court's view, the certificate/SPD was ambiguous[.]" [Estate of Foster v. American Marine Servs. Group Benefit Plan, No. 20-35023 (9th Cir. Feb. 9, 2021)] |
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