ERISA is very clear that the Plan Administrator is required to administer benefits strictly in accordance with the terms of the applicable plan document. Plan Administrators, though, are often faced with difficult situations – situations where paying a claim that might otherwise be excluded under the plan document would avoid considerable headache, appease a member of the C-suite, or more accurately reflect what the drafter of the plan document intended… READ MORE
Fiduciary Burden of the Quarter: Strictly Abiding by the Terms of the Plan Document
May 18, 2017 |
Submitted By: SFS | Orig. Publication: The Phia Group's 2nd Quarter 2017 Newsletter - April 21, 2017