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Pension Plan Trustee Sued for Making Improper Loans to Sponsoring Employer
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Dec. 20, 2000
"The [DOL] has filed a lawsuit alleging that Wade & Sons, Inc. and its owner improperly transferred funds from the company's profit sharing plan, thereby resulting in more than $146,600 in losses to the plan."
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