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SPANO v. THE BOEING CO.

Nos. 09-3001, 09-3018.

633 F.3d 574 (2011)

Gary SPANO, et al., Plaintiffs-Appellees, v. THE BOEING COMPANY, et al., Defendants-Appellants. Pat Beesley, et al., Plaintiffs-Appellees, v. International Paper Company, et al., Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 21, 2011.

Attorney(s) appearing for the Case

Jerome J. Schlichter , Attorney, Schlichter, Bogard & Denton, St. Louis, MO, Paul W. Mollica (argued), Attorney, Otten & Golden, Chicago, IL, John T. Murray , Attorney, Seyfarth Shaw , Atlanta, GA, for Plaintiffs-Appellees in No. 09-3001.

Mark A. Perry (argued), Attorney, Gibson, Dunn & Crutcher, Washington, DC, Thomas E. Wack , Attorney, Bryan Cave , St. Louis, MO, for Defendants-Appellants in No. 09-3001.

Jeffrey W. Sarles , Attorney, Mayer Brown LLP, Chicago, IL, Lynn Lincoln Sarko , Attorney, Keller Rohrback , Seattle, WA, Stephen Silverman (argued), Attorney, Department of Labor, Office of the Solictor, Washington, DC, for Amicus Curiae in Nos. 09-3001, 09-3018.

Daniel V. Conlisk , Attorney, Schlichter, Bogard & Denton, St. Louis, MO, Paul W. Mollica (argued), Attorney, Otten & Golden, Chicago, IL, John T. Murray , Attorney, Seyfarth Shaw , Atlanta, GA, for Plaintiffs-Appellees in No. 09-3018.

Gregory C. Braden (argued), Attorney, Morgan, Lewis & Bockius, Washington, DC, Michael J. Nester , Attorney, Donovan, Rose, Nester, & Szewczyk, Belleville, IL, for Defendants-Appellants in No. 09-3018.

Before BAUER, WOOD, and TINDER, Circuit Judges.

WOOD, Circuit Judge.

Employer-supported, defined-contribution plans, including those commonly known as 401(k) plans, play a vital role in the retirement planning of millions of Americans. The Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. § 1001 et seq., uses the following definition for such a plan:

The term "individual account plan" or "defined contribution plan" means a pension plan which provides for an individual account...

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