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Court Dismisses Claims Against Recordkeeper Who Used Participant Data for Marketing
Thomson Reuters / EBIALink to more items from this source
May 6, 2021

"While there are now several cases finding that participant data does not constitute a plan asset, the issue is far from settled.... To date, the courts have taken into account the absence of DOL support for treating participant data as a plan asset, so any DOL guidance supporting that characterization, or otherwise recognizing data protection obligations, could change things considerably." [Harmon v. Shell Oil Co., No. 20-021 (S.D. Tex. Mar. 30, 2021)]

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