Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Sixth Circuit Holds ERISA Section 502(a)(2) Claims May Not Be Arbitrated Absent Plan Consent
Faegre Drinker May 2, 2022 "Individual plaintiffs' ERISA Section 502(a)(2) claims for alleged individualized harm to their respective retirement accounts are derivative and 'belong,' in the first instance, to the plan. The Sixth Circuit joined several other federal courts in holding that individual plaintiffs pursuing ERISA Section 502(a)(2) claims on behalf of a defined contribution plan may not be compelled to arbitrate those claims absent evidence the plan has consented to arbitration." [Hawkins v. Cintas Corp., No. 21-3156 (6th Cir. Apr. 27, 2022)] |
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