This week’s unanimous Supreme Court decision in Advocate Health Care Network v. Stapleton upheld the church plan exemption under the Employee Retirement Income Security Act for three non-profit hospital systems, marking a watershed moment in a young area of pension case law.
Since 2013, dozens of complaints have cropped up across the country alleging religiously affiliated, and in many cases, behemoth hospital conglomerates have been operating pension plans under an unlawful application of the church plan exemption.
Plaintiffs in the cases have alleged that has resulted in rampant mismanagement of plan assets, leading to billions in unfunded liabilities.
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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.
