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

Featured Jobs

Plan Compliance Analyst (Administrator)


RPA logo

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. 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 image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Embezzler’s 401(k) Tapped for Restitution
American Retirement Association [ARA]Link to more items from this source
Aug. 11, 2021

"A magistrate judge rejected Frank's core contention that ERISA bars the government's seizure of his 401(k) account, noting that the key question was 'whether the [Mandatory Victims Restitution Act's] directive mandating victim restitution trumps ERISA's robust protection of retirement funds'--concluding that it does. He also noted that that reading was consistent with the view of every court of appeals and district court to have considered the issue.... The district court accepted nearly all of the magistrate judge's findings ... The appellate court concurred[.]" [United States v. Frank, No. 20-6706 (4th Cir. Aug. 10, 21)]

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.