ERISA Attorneys in Agoura Hills & Westlake Village
Have You Considered Filing a Lawsuit to Claim Pension Benefits?
If you were not provided the pension benefits or important information about your pension that you were entitled to receive under ERISA, you may have a legal claim. Under the Employee Retirement Income Security Act of 1974 (ERISA), a series of guidelines were established to administer private pension plans and investment practices.
If you feel your rights under ERISA were violated, reach out to Bradley/Grombacher LLP for help! We have more than 50 years of combined experience helping people like you fight for pension benefits. We appreciate the fact that our clients might be relying on this income to support them during retirement when they are no longer able to work. By taking legal action with our ERISA attorneys in Agoura Hills and Westlake Village, we can help you assert your rights and fight for what you deserve.
What Are My Rights under ERISA?
ERISA helps ensure that funds placed in Americans’ retirement plans during their careers will be available when they retire.
ERISA sets minimum standards for disability, life insurance, retirement, and health plans. It was meant to address issues with corporate pension plans after the Studebaker Motor Company’s bankruptcy left employees in the lurch and without legal remedy to claim the money they should have been entitled to receive.
Only private employers and non-governmental entities that offer subsidized health insurance coverage and other benefits to their employees are governed by ERISA.
ERISA creates several important requirements for pension plans, including:
- Requiring the plan to provide participants with information about the plan, such as plan features and funding, on a regular basis.
- Setting minimum standards for participation, vesting, funding and benefit accrual.
- Establishing principles of conduct for plan fiduciaries and methods to hold them accountable when they fail to follow the principles of conduct.
- Providing the right of participants to sue for benefits and breaches of fiduciary duty.
- Guaranteeing through the Pension Benefit Guaranty Corporation the payment of certain benefits if a plan is terminated.
ERISA has been amended dozens of times since it was enacted, and this area of law is continuing to grow. The unique nature of ERISA laws makes it extremely complex. If you think you have an ERISA claim, it is important that you contact an ERISA lawyer who is experienced in this area of law. An ERISA lawyer can explain your legal rights and work to secure any compensation or other benefits to which you are entitled.
Contact an ERISA Lawyer Today
If you are concerned that your pension plan failed to follow ERISA’s requirements, contact Bradley/Grombacher LLP today for a free and confidential review of your employment claims. If you have a case, our ERISA attorneys in Agoura Hills and Westlake Village will work on your behalf to ensure you get the full compensation to which you are entitled.
In 2016, Providence Health & Services, a religiously affiliated hospital based in Renton, Washington, reportedly agreed to pay almost $352 million to resolve an ERISA class action settlement accusing it of underfunding its pension plan. The plaintiffs claimed Providence Health improperly classified the pension as a “church plan” that was exempt from ERISA.
According to the Providence Health ERISA class action lawsuit, Providence Health’s claim that its pension plan is a “church plan” is improper because it is not a church or a convention or an association of churches, and because the Providence Health pension plan was not established by a church or a convention or association of churches.
The plaintiffs allege that Providence Health failed to follow ERISA’s funding rules for the pension plan, failed to provide Class Members with pension statements, summary annual reports and required notifications, failing to file annual reports with the Secretary of Labor, and failing to meet certain requirements regarding the trust that holds the pension’s assets.
Other examples of ERISA lawsuit settlements include:
- St. Francis Hospital, another religiously-affiliated hospital in Hartford, Conn., also agreed to settle ERISA claims in May 2016. St. Francis Hospital reportedly agreed to pay $107 million in an ERISA settlement.
- Trinity Health, based in Livonia, Mich., reached a $75 million ERISA settlement.
- Ascension Health, based in St. Louis, Mo., agreed to pay $8 million to settle allegations it underfunded its pension plan.
Contact us online to learn more about how you can arrange your free initial consultation with one of our attorneys at Bradley/Grombacher LLP today!