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Labor/Employment

May 26, 2012

Beware canned ERISA documents: contents under pressure

Using standardized documents for written ERISA investment plans can lead to trouble. By Chuck Teixeira

By Chuck Teixeira

Almost every attorney involved in compensation and benefit matters has admonished an employer about the dangers of documents designed by benefit consultants without reference to the employer's particular situation. One infamous set of canned documents was prepared several years ago by the human relations arm of a large actuarial and benefits consulting firm, then called Towers Perrin. The Wall Street Journal reported that the firm charged each employe...

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