Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Retirement Plan Processor

BPAS
(Utica NY)

BPAS logo

Senior Plan Consultant, Defined Benefit

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Plan Admin/Employee Benefits/Office Admin

Columbia Benefits, LLC
(Remote / Denver CO)

Columbia Benefits, LLC logo

Relationship Manager for Defined Benefits

Daybright Financial
(Remote)

Daybright Financial logo

3(16) Account Manager

Pentegra
(Remote)

Pentegra logo

Retirement Plan Administrator

Goldberg, Swedelson & Associates
(Remote / Los Angeles CA / Hybrid)

Goldberg, Swedelson & Associates logo

Relationship Manager - Actuary

Daybright Financial
(Remote)

Daybright Financial logo

3(16) Consultant

401K Safe
(Remote)

401K Safe logo

Relationship Manager - DC

Daybright Financial
(Remote)

Daybright Financial logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Participant Claims Nearly $100,000 Stolen from Estee Lauder 401(k) Plan Account
Treasury & Risk; registration may be required Link to more items from this source
Oct. 21, 2019

"Under one allegation, the defendants breached their fiduciary duties by allowing the plan to make unauthorized distributions, failed to confirm the requests for the money, failed to provide timely notice of the distributions by phone or email, failed to identify suspicious requests that were wired to different bank accounts, failed to have in place processes to safeguard against unauthorized withdrawals, and failed to monitor the distribution process." [Berman v. Estee Lauder, No. 19-6489 (N.D. Cal. complaint filed Oct. 9, 2019)]  MORE >>

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).