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Home / Opinion Digests / Employment Law / Employer Pays Maximum ERISA Penalty (access required)

Employer Pays Maximum ERISA Penalty (access required)

An employer that delayed in providing an ERISA life insurance plan participant with the statutorily required sufficient Summary Plan Description must pay plaintiff participant the maximum penalty of $37,510, or $110 per day for 341 days’ delay, says an Alexandria U.S. District Court. Defendants’ failure to provide timely disclosure of life insurance information to plaintiff in ...

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