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Fiduciary Duties for Health and Welfare Plans: Duty to Administer Plan According Its Written Terms
HUB International
May 20, 2022 "Maintaining a plan document is a core ERISA requirement. Plan administrators must administer the plan according to the plan document. While plan participants and even plan administrators may not agree with the plan language, this is still the controlling language of the plan and failure to follow it can result in a breach of fiduciary duty, among many other issues." |
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