Editor: Larry J. Rector

Recent developments in employee benefits

Two recent developments in federal employee benefits law are worth noting. First, employers that are plan administrators of certain retirement plans that are subject to the federal Employee Retirement Income Security Act (ERISA) are now required to report to plan participants by August 30. (The requirement is separate from and in addition to the "summary of benefits and coverage" document that we reported on in our March and July issues.) Second, the U.S. 4th Circuit Court of Appeals (whose rulings apply to all West Virginiaemployers) recently ruled that a remedy resembling monetary damages may be awarded as a form of "equitable relief" against an ERISA fiduciary for breach of fiduciary duty. The following provides a brief summary of both developments. Read More...