"An important takeaway for an employer-sponsor of a top hat plan is that the plan's language pertaining to plan amendments, or termination of the plan itself, needs to be carefully drafted to preserve the employer's discretion, otherwise the employer could be contractually limited in its rights to take future actions." [Hoak v. Ledford, No. 24-12148 (11th Cir. Aug. 26, 2025)]  MORE >>