6th Circuit Rules Against Top Hat Plan Participants In Preemption, Remedies Row

( July 18, 2025, 1:21 PM EDT) -- CINCINNATI — Ruling that the Employee Retirement Income Security Act expressly preempts state law claims and that lost monetary benefits are not equitable relief, the Sixth Circuit U.S. Court of Appeals on July 17 affirmed judgment for the administrator of so-called “top hat” deferred compensation and retirement plans....