Benefits & Executive Compensation News

Feds Back Intel Worker in High Court Battle Over ERISA Deadlines

Oct. 29, 2019, 3:16 PM

The federal government is wading into litigation over Intel Corp.'s 401(k) plan, telling the U.S. Supreme Court that benefit plan sponsors can’t shorten the deadline for filing ERISA lawsuits merely by sending workers plan information in the mail.

U.S. Solicitor General Noel J. Francisco and top lawyers from the Labor Department are supporting Intel plan participant Christopher Sulyma, who asked the court to rule that he didn’t wait too long to file his lawsuit challenging the plan’s hedge fund and private equity investments.

The Intel defendants’ attempts to have the case dismissed as untimely are “inconsistent” with the text and...

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