Investment Policy Statements in Retirement Plans: Are They Plan Documents?

In Murphy v. Verizon Communications, Inc., the Court of Appeals for the Fifth Circuit was asked specifically to consider whether plan investment guidelines must be provided upon request to plan participants and beneficiaries. The Court looked at the requirements in ERISA and determined that the real question was one as to whether the investment policy statement was actually binding on the operation of the plan. Click here to read further from

Richard M. Todd