Opinion ID: 204040
Heading Depth: 4
Heading Rank: 2

Heading: $1,000,000 in gross receipts from a financial institution[ ]

Text: As to deriving more than $1,000,000 from a financial institution, Lugo argues that the Plan does not qualify as a financial institution. However, U.S.S.G. § 2B1.1 cmt. n. 1 defines a financial institution as the following: Financial institution includes any ... union or employee pension fund; any health, medical, or hospital insurance association;... and any similar entity, whether or not insured by the federal government. Union or employee pension fund and any health, medical, or hospital insurance association, primarily include large pension funds that serve many persons ... and associations that undertake to provide pension, disability, or other benefits (e.g., medical or hospitalization insurance) to large numbers of persons. The Health Plan clearly falls within this definition. We thus reject Lugo's claim.