Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Ninth Circuit Rules Plan Participants Have No Standing to Challenge Alleged Misconduct of Multi-Employer Benefit Manager
Kantor & Kantor Mar. 15, 2023 "The court noted that RingCentral made all decisions regarding which benefits would be offered to employees, and what contributions would be required for those benefits. Plaintiffs were required to establish a connection between Sequoia's actions and their contributions, but RingCentral's intermediary actions broke that connection ... The Ninth Circuit then turned to plaintiffs' second standing theory, which was that they retained an equitable ownership interest in the Tech Benefits Program's trust fund ... The court held that this argument ran afoul of the Supreme Court's decision in Thole." [Winsor v. Sequoia Benefits & Ins. Servs., LLC, No. 21-16992 (9th Cir. Mar. 8, 2023)] |
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 linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |