CassandraS Posted August 2, 2013 Posted August 2, 2013 If a penalty is paid under ERISA Section 511, does the participant get any of that money? Or does all of it go to the DOL? Thanks
david rigby Posted August 2, 2013 Posted August 2, 2013 ERISA 511 uses the word "fined". Thus, it goes to the "guv'mint". CassandraS 1 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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