"[T]he Second Circuit affirmed a district court judgment finding that a plan fiduciary breached her ERISA duty of care by failing to provide adequate notice regarding a participant's option to elect a lump-sum distribution during plan termination. The court upheld an award of approximately $1.78 million representing the difference between the lump-sum benefit the participant would likely have elected and the much smaller amount ultimately paid to her estate." [Hammell v. Pilot Products, Inc. Defined Benefit Pension Plan, No. 24-3283 (2d Cir. Mar. 3, 2026)]  MORE >>