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Tenth Circuit Affirms Revenue Sharing Arrangement Is Not Prohibited Transaction
planadviser; registration may be required 
July 7, 2021 "After reviewing a decision in an ERISA lawsuit against Banner Health, the[court] found no reason to order the sponsor to implement an RFP process.... The 10th Circuit concluded that the plaintiffs provided no evidence to show that Fidelity had some pre-existing relationship with Banner or that the service agreement between Fidelity and Banner was anything less than an arm's-length deal." [Ramos v. Banner Health, No. 20-1231 (10th Cir. June 11, 2021)] MORE >> |
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