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Date: 07-21-2023
Case Style:
Case Number: 1:21-cv-10316
Judge: F. Dennis Saylor, IV
Court: United States District Court for the District of Massachusetts (Suffolk County)
Plaintiff's Attorney: Catherine Campbell and Melissa Brennan
Defendant's Attorney: Thomas William Bicci and Mark H. Middlen
Description: Boston, Massachusetts employment law lawyers represented Plaintiff who sued Defendants on E.R.I.S.A. law violations.
Edward F. Groden, Executive Director of the New England Teamsters and Trucking Industry Pension Fund was the plaintiff.
The claims made and defenses asserted are not available for this case.
ERISA stands for the Employee Retirement Income Security Act of 1974. It is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
ERISA requires plan sponsors to provide plan information to participants, establish a grievance and appeals process for participants to get benefits from their plans, and give participants the right to sue for benefits and breaches of fiduciary duty.
ERISA also sets standards of conduct for plan managers and other fiduciaries. These fiduciaries are responsible for managing the plan's assets in the best interests of the participants. They are prohibited from engaging in self-dealing, conflicts of interest, and other prohibited transactions.
ERISA does not require employers to offer plans, and it does not cover retirement plans established or maintained by governments or churches.
Here are some of the key provisions of ERISA:
Plan participation: ERISA requires that most employers with 100 or more employees offer a retirement plan to their employees. The employer must make an annual contribution to the plan on behalf of each employee.
Benefit vesting: ERISA requires that employees be vested in their retirement benefits after a certain period of time. This means that the employee cannot lose their benefits if they leave the job before they retire.
Benefit accrual: ERISA requires that employees' retirement benefits accrue at a certain rate. This means that the employee's benefits will increase over time as they work for the employer.
Funding: ERISA requires that plan sponsors fund their plans adequately. This means that the plan should have enough money to pay for the benefits that have already been earned by participants.
Fiduciary duties: ERISA imposes a fiduciary duty on plan sponsors and other fiduciaries. This means that they must act in the best interests of the plan participants when making decisions about the plan.
Breaches of fiduciary duty: ERISA allows participants to sue plan sponsors and other fiduciaries for breaches of fiduciary duty. This means that participants can recover damages if they can show that the fiduciaries acted improperly.
ERISA is an important law that protects the retirement savings of millions of Americans. It ensures that employees have access to retirement plans, that their benefits are secure, and that they are treated fairly by their employers.
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Outcome: Settled for an undisclosed sum.
Plaintiff's Experts:
Defendant's Experts:
Comments: