Category: Employee Benefits

New Effective Dates Set For ERISA Disclosure Rules

Effective Date of Service Provider Fee Disclosure Extended to April 1, 2012 Effective Date of Participant-Level Disclosure Extended to May 31, 2012 On July 16, 2011, the U.S. Department of Labor’s Employee Benefits Security Administration issued an interim-final regulation aligning and implementing the two remaining components of its three-pronged...

Supreme Court Expands Scope of Deferential Review of ERISA Plan Administrators’ Determinations

The U.S. Supreme Court’s recent ruling in Conkright v. Frommert, [1] highlights the importance of ensuring that an ERISA plan’s documents explicitly grant discretionary authority to the plan administrator to interpret the plan and resolve ambiguities. The ruling affirms that a court will not second guess an administrator armed with such authority even...