Managing Premium Payments for Benefit Plans
Employers Act as Fiduciaries When Managing Premium Payments for Benefit Plans The Sixth Circuit Court of Appeals, in Chelf v. Prudential Insurance Company of America, reversed a district court’s dismissal of a claim for breach of fiduciary duty based on ERISA’s “ministerial function” exception. This holding concludes that the employer (Wal-Mart) indisputably exercised control [...]