Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

Eastern District of Louisiana

So-called “Top Hat” plans are nonqualified deferred compensation plans for a select group of management or highly compensated employees. These executive compensation arrangements are exempt from many ERISA provisions, but are not exempt from ERISA’s claims procedure requirements. Therefore, top hat plans must provide a reasonable claims procedure.

ERISA compliant claims procedures can be written