July Business Services
|
Pollard & Associates
|
Great Lakes Pension Associates, Inc.
|
Defined Contribution Account Manager Nova 401(k) Associates
|
Fringe Benefit Group
|
New York City District Council of Carpenters Benefit Funds
|
Regional Sales Director (West) July Business Services
|
Retirement Planners and Administrators (RPA)
|
Greenline Wealth Management
|
July Business Services
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Retirement Solutions Specialists
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Medical Group Ordered to Restore $225,000 to ESOP After DOL Investigation
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] July 17, 2013
"The [DOL] has obtained a consent judgment requiring Robert S. Caputo and Glenn M. Bankert to restore $225,000 to an employee stock ownership plan.... [The suit alleged] that the plan owned virtually all of the stock in Caputo's medical practice, and that between 2000 and 2006, Caputo used assets of the medical practice as if they were his personal property.... It further alleged that the defendants violated ERISA by allowing the plan to purchase stock from participants at inflated prices; failed to allow older workers to diversify their account balance, as required by law; failed to keep accurate records; and failed to take action as the plan's fiduciaries to remedy Caputo's misuse of company funds."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |