DOL Requests Approval of Settlement in Pennsylvania Mushroom Farm Case
The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.
Tag: profit sharing plan
DOL Alleges Profit-Sharing Plan Fiduciaries Took Retirement Plan Assets
The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...
DOL Sues Firm for Pocketing Participants’ 401(k) Assets
The Department of Labor sued Minnesota technology consultant Virtual Matrix after an investigation found fiduciaries of the profit-sharing plan permitted...
Construction Company Lawsuit Targets Its Retirement Plan Providers
The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was...
International Clinical Laboratory Company Faces 401(k) Lawsuit
Quest Diagnostics’ 401(k) profit sharing is the target of a new retirement plan lawsuit alleging excessive fees for investments.
Voya Sued for Charging Excessive Fees to Small Retirement Plan
A lawsuit alleges that asset-based fees led to the plan paying $1,819 per participant for recordkeeping services in 2015.