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Case reveals perils in electronic plan documents

At the heart of tThomas vs. Cigna Group Insurance is whether Countrywide, the plan sponsor, was compliant in fully disclosing plan details, which were disseminated on the companys intranet system.

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Bank of America bought Countrywide in 2008.

A recent ruling by a New York federal judge underscores the potential perils of relying on the electronic distribution of summary plan descriptions to participants.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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