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Civil Practice: Fiduciary-ERISA
Staff Report//February 7, 2020
Where plaintiff, who invested in an ERISA plan, argued that a service provider to the plan violated ERISA, the district court erred in finding that the provider was not a fiduciary when it set the composite crediting rate, so the judgment is reversed.
Judgment is reversed.
Rozo v. Principal Life Insurance Company (MLW No. 74481/Case No. 18-3310 – 7 pages) (U.S. Court of Appeals, 8th Circuit, Benton, J.) Appealed from U.S. District Court, Southern District of Iowa, Jarvey, J. (Peter K. Stris, Los Angeles, argued for appellant) (Robert N. Hochman, Chicago, argued for appellee).
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