Carl Angus, individually and on behalf of the E.W. Burman, Inc. Profit Sharing Plan v. Edward Burman, Paul Burman, and E.W. Burman, Inc.

CourtDistrict Court, D. Rhode Island
DecidedMarch 2, 2026
Docket1:24-cv-00328
StatusUnknown

This text of Carl Angus, individually and on behalf of the E.W. Burman, Inc. Profit Sharing Plan v. Edward Burman, Paul Burman, and E.W. Burman, Inc. (Carl Angus, individually and on behalf of the E.W. Burman, Inc. Profit Sharing Plan v. Edward Burman, Paul Burman, and E.W. Burman, Inc.) is published on Counsel Stack Legal Research, covering District Court, D. Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Carl Angus, individually and on behalf of the E.W. Burman, Inc. Profit Sharing Plan v. Edward Burman, Paul Burman, and E.W. Burman, Inc., (D.R.I. 2026).

Opinion

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF RHODE ISLAND

) CARL ANGUS, individually and on ) behalf of the E.W. Burman, Inc. Profit ) Sharing Plan, ) Plaintiff, ) ) C.A. No. 24-cv-328-MRD-AEM v. ) ) EDWARD BURMAN, PAUL ) BURMAN, and E.W. BURMAN, INC., ) Defendants. ) )

MEMORANDUM AND ORDER Melissa R. DuBose, United States District Judge. After 38 years of working with, and for, Edward and Paul Burman at E.W. Burman, Inc. (collectively “Defendants”), Carl Angus decided to call it a career and started making plans to move to Portugal in September 2023. In January 2023, he told the Burmans this plan and mentioned that he wanted to cash-out his funds from the E.W. Burman Inc. Profit Sharing Plan and Trust (“Plan”), an employer sponsored defined-contribution Plan, as soon as possible. On July 21, 2023, Defendants distributed $1,356,369.31 to Mr. Angus. The problem, he contends, is that this amount was based on the account value as of December 31, 2022 when it should have been valued as of December 31, 2023. Had the Defendants waited until December 31, 2023 to value the account, Mr. Angus claims he would have received over $170,000 in additional funds based on the stock market’s 2023 performance. After communicating with Plan Administrator and exhausting the administrative appeal process, Mr. Angus initiated this lawsuit to collect the additional funds. Now before the Court for resolution are the parties’ cross Motions for Summary

Judgment. ECF Nos. 34, 37. The Court heard argument from the parties on January 28, 2026. For the following reasons, Mr. Angus’ Motion for Summary Judgment is granted, and Defendants’ Motion for Summary Judgment is denied. I. BACKGROUND1 E.W. Burman, Inc. is a general contracting and construction management services firm in Warwick, Rhode Island. Defs’ Statement of Undisputed Facts in Support of Mot. Summ. J. ¶ 1 (“DSUF”); ECF No. 34-2. In 1984, E.W. Burman started

the Plan which provides retirement benefits to participants. . ¶¶ 2–3. Carl Angus worked at E.W. Burman, Inc. from September 1984 until August 2023, and participated in the Plan from September 1984 to July 2023. . ¶ 5; Pl.’s Statement of Undisputed Facts in Support of Mot. Summ. J. ¶ 31 (“PSUF”); ECF No. 35-3.2 In January 2023, Angus informed the Burmans that he intended to retire and move to Portugal at some point in 2023. ECF No. 34-2 ¶ 6; ECF No. 35-3 ¶ 33. During

that January 2023 interaction, Angus told the Burmans that he wished to cash-out from the Plan and have the funds distributed to him as soon as possible. ECF No.

1 On a motion for summary judgment in an ERISA benefit-denial case, “the non-moving party is not entitled to the usual inferences in its favor.” , 404 F.3d 510, 517 (1st Cir. 2005). 2 The Court will cite to the unredacted and unsealed PSUF which is located at ECF No. 35-3. Plaintiff complied with LR CV 56(a)(2) by filing ECF No. 38, which is a sealed version of PSUF. 34-2 ¶ 11; ECF No. 35-3 ¶ 34. The Burmans explained to Angus that if he retired before year-end 2023, he would receive the funds in his Plan account as valued on December 31, 2022. ECF No. 34-2 ¶ 8. Angus does not recall being told that

information and instead claims that Edward Burman told him that a mid-2023 retirement meant Angus could not receive his distribution until 2024. ECF No. 35-3 ¶ 35. According to Angus, Edward Burman eventually took the position that Angus could receive the distribution in 2023 but that he would lose out on the Plan profit- sharing contribution for that year. . ¶ 36. Angus had no issue with forgoing his 2023 profit-sharing contributions but suggests that parties never agreed that Angus’ distribution would reflect the year-end 2022 valuation, or that a mid-2023

distribution meant he would not be entitled to any 2023 investment earnings. . ¶ 38. Fast forward to May 2023. Angus received his annual account statement and requested a withdrawal of the account balance. ECF No. 34-2 ¶ 16. On May 18, 2023, Paul Burman—the Plan Administrator—contacted Pat Ambrosio from Sentinel Benefits and Financial Group—the Plan recordkeeper—and requested a transfer

form because an employee was retiring. ECF No. 35-3 ¶ 41. The recordkeeper responded to the Plan Administrator that “the plan document states the distributions may be made after the last day of the plan year coincident or next following date of severance. So if [that] person retires in 2023 he/she cannot take money out until after 12-31-2023.” . ¶ 42. Regardless, Burman told the recordkeeper to process Angus’ valuation date “as of 12/31/2022.” . ¶ 43. Once again, the recordkeeper stated that Angus did not qualify for retirement under the Plan and the Adoption Agreement3 and that he should be considered a “terminated employee.” . ¶ 46. The Plan Administrator, however, again instructed the recordkeeper to process Angus’

separation from service as of December 31, 2022, which she did. . ¶ 47. On July 5, 2023, Paul Burman “requested a transfer of [Angus’] [12-31-2022] Plan balance to his IRA account” which was distributed to Angus on July 21, 2023. ECF No. 34-2 ¶ 12; ECF No. 35-3 ¶ 48. Approximately two weeks later, at the beginning of August 2023, Angus officially left E.W. Burman and began his retirement. ECF No. 35-3 ¶ 31. The following month, September 2023, Angus inquired about, and then

demanded, compensation for any gains in the Plan’s 2023 valuation. ECF No. 34-2 ¶ 17. After consulting with the Plan recordkeeper, Edward Burman responded to Angus and justified the rationale for the December 31, 2022 valuation by explaining the following: Our [Plan] is set to be valued once a year on December 31, as dictated by the IRS approved plan.

In your case, you asked that this money be released as soon as possible and you needed it to facilitate your move to Portugal. Therefore, your distribution was based on the valuation of December 31, 2022, as per the IRS regulations.

If you had waited to include the time worked in 2023, your distribution would have been in 2024.

These same rules applied to [person 1] and [person 2] upon their retirements.

3 Together, the Plan and Adoption Agreement constitute the full E.W. Burman Inc. Profit Sharing Plan and Trust (“Plan”). This was not a personal IRA account, it is a Profit Sharing Trust under strict rules and regulations of the IRS.

. ¶ 18.

In February 2024, Angus made a claim to the Plan Administrator for additional Plan benefits—the difference between the December 31, 2023 account valuation and the December 31, 2022 valuation. ECF No. 34-2 ¶¶ 19, 21; ECF No. 35-3 ¶ 49. After both sides again explained their positions to each other over a series of emails, Angus filed an administrative appeal with the Plan Administrator on April 30, 2024. ECF No. 34-2 ¶¶ 20–25; ECF No. 35-3 ¶¶ 49–55. On June 3, 2024, the Plan Administrator, once again, denied Angus’ request for the additional funds and denied his administrative appeal. ECF No. 34-2 ¶ 28; ECF No. 35-3 ¶ 59. Angus was notified of the denial when he received the Plan Administrator’s Uphold Letter. The Uphold Letter relied on the Burmans’ declarations recapping the factual background and benefit determination and further explained that specific Plan language supported the decision to deny additional benefits. . ¶¶ 29–30. After receiving the Uphold Letter, Angus attempted to supplement his appeal, but the Plan Administrator rejected the supplemental appeal since the Plan allows only one administrative appeal. . ¶ 31. On August 14, 2024, Angus filed this lawsuit, alleging a few violations of ERISA, including: Count (I) Benefits owed pursuant to a plan, under 29 U.S.C. § 1132(a)(1)(B),4 Count (II) Breach of fiduciary

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Firestone Tire & Rubber Co. v. Bruch
489 U.S. 101 (Supreme Court, 1989)
Metropolitan Life Insurance v. Glenn
554 U.S. 105 (Supreme Court, 2008)
Doyle v. Paul Revere Life Insurance
144 F.3d 181 (First Circuit, 1998)
Vlass v. Raytheon Employees Disability Trust
244 F.3d 27 (First Circuit, 2001)
Leahy v. Raytheon Corporation
315 F.3d 11 (First Circuit, 2002)
Orndorf v. Paul Revere Life Insurance
404 F.3d 510 (First Circuit, 2005)
Livick v. the Gillette Co.
524 F.3d 24 (First Circuit, 2008)
James Bellino v. Schlumberger Technologies, Inc.
944 F.2d 26 (First Circuit, 1991)
Donald Law v. Ernst & Young, Etc.
956 F.2d 364 (First Circuit, 1992)
Angela Johnson v. American United Life Insurance
716 F.3d 813 (Fourth Circuit, 2013)
Amica Mutual Insurance v. Streicker
583 A.2d 550 (Supreme Court of Rhode Island, 1990)
Cook v. Liberty Life Assurance Co.
320 F.3d 11 (First Circuit, 2003)

Cite This Page — Counsel Stack

Bluebook (online)
Carl Angus, individually and on behalf of the E.W. Burman, Inc. Profit Sharing Plan v. Edward Burman, Paul Burman, and E.W. Burman, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/carl-angus-individually-and-on-behalf-of-the-ew-burman-inc-profit-rid-2026.