Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Participant Data: Plan Asset, or Fair Game for Recordkeeper Marketing of Non-Plan Products?|
Apr. 30, 2021
"So far, one district court in the Seventh Circuit and one district court in the Fifth Circuit have found that participant data is not a plan asset.... While this issue plays out further in the courts ... plan fiduciaries [should] review their own recordkeeping agreements and consider adding cross-selling restrictions if they want to preclude their recordkeepers from using participant data for cross-selling purposes in the future."
|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).|