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FIRST COMMERCIAL BANK v. MEYER

No. 86-12.

711 S.W.2d 791 (1986)

289 Ark. 345

FIRST COMMERCIAL BANK, Trustee, Appellant, v. Duane T. MEYER, Beneficiary, Appellee.

Supreme Court of Arkansas.

June 30, 1986.

Attorney(s) appearing for the Case

Friday, Eldredge & Clark by A. Wyckliff Nisbet and William A. Waddell, Jr., Little Rock, for appellant.

Moses, McClellan & McDermott by Harry McDermott, III, Little Rock, for appellee.

HICKMAN, Justice.

D.T. Construction Company established a profit sharing plan for its employees. The plan was qualified under the Employee Retirement Income Security Act of 1974 (ERISA). 29 U.S.C. 1001 et seq. Duane T. Meyer, president of the company, was named the plan administrator and First Commercial Bank was named the trustee of the plan. The plan administrator was authorized to interpret the plan, determining to whom and how the benefits were paid. The trustee...

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