Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Bates & Company, Inc.
|
Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
PBGC, DOL Band Together to Fight Alleged Fiduciary Abuse at Revstone
Pensions & Investments July 22, 2013 "While it is not unusual for officials at the Labor Department and the PBGC to collaborate when they suspect defined benefit assets are being misused, 'what is unique is the size and high-profile nature' of the companies involved, said a PBGC official who declined to be identified.... Revstone, with plants and offices throughout North America, has been under civil and criminal investigation by [EBSA] for alleged fraud and financial mismanagement at several subsidiaries since 2009 in what EBSA officials say is a pattern of 'reckless behavior' that has cost the pension funds $39 million." |
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). |