Cajun Industries, LLC 401 (K) v. Beth Bennett Kidd
Opinion
The judgment of the district court is affirmed for the following reasons:
The claim of the three children of Leonard Kidder is only that they were entitled to the distribution of the proceeds of the 401(k) retirement plan established for his benefit during his employment with Cajun Industries, LLC. The terms of the plan, as explained by the district court, support the plan administrator’s decision. That decision is the legally correct interpretation of the plan. It certainly provides that the surviving spouse of Leonard Kidder is entitled to the benefits, because there was no waiver as required before the children could be entitled.
Cajun Industries, LLC has filed this interpleader suit, deposited the funds into the registry of the court, and has been properly dismissed.
That being the only issue before this court, the judgment must be affirmed.
AFFIRMED.
Pursuant to 5th Cir. R. 47.5, the court has determined that this opinion should not be published and is not precedent except under the limited circumstances set forth in 5th Cir. R. 47.5.4.
Reference
- Full Case Name
- CAJUN INDUSTRIES, L.L.C. 401(K) PLAN, Plaintiff-Appellee v. Beth W. Bennett KIDDER, Defendant-Appellee v. Robert H. Kidder; Deborah K. Bridges; Gwendolyn K. Desselle, Defendants-Appellants; Gwendolyn K. Desselle; Deborah K. Bridges; Robert H. Bridges, Plaintiffs-Appellants v. Cajun Industries, L.L.C., Defendant-Appellee
- Status
- Unpublished