Opinion ID: 6496026
Heading Depth: 5
Heading Rank: 2

Heading: To construe and interpret all terms,

Text: provisions, conditions and limitations of the Plan and to determine all questions arising out of or in connection with the provisions of the Plan or its administration, including, but not limited to, interpretive or factual questions regarding eligibility, vesting and the amount, manner and timing of payment of - 5 - benefits, and the Committee's determination on all such issues shall be final and binding on all persons and subject to the fullest deference permitted by law; . . . (e) To prescribe procedures to be followed by Participants, Spouses, . . . and Beneficiaries for the filing of applications for benefits; [and] (f) To prepare and distribute, or cause to be prepared and distributed, such Participant disclosures, notices and other communications as may be required by law or otherwise determined necessary or desirable by the Committee; . . . . Other text in the Master Plan and in the BGC Pension Plan provides that the Plan Administrator may delegate these powers to others. Section 7.2 of the Master Plan, for example, provides that [i]n accordance with Section 405(c) of ERISA, the [Retirement Plans] Committee shall have the right . . . to designate persons other than the Committee to carry out fiduciary responsibilities (other than trustee responsibilities) under the Plan. See 29 U.S.C. § 1105(c) (providing that a plan administrator may delegate fiduciary responsibilities if permitted by the ERISA plan). The Master Plan separately establishes a claims procedure pursuant to Section 503 of ERISA. See 29 U.S.C. § 1133. The review process applies to the denial of a claim for benefits under the plan and permits a claimant to request, through written notice, that the Plan Administrator conduct a full and fair review - 6 - of the denial of the claim. If the claim is denied on review, the claimant may then bring a civil action under Section 502(a) of ERISA. See 29 U.S.C. § 1132(a).