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DOL Sues Administrator of Multiple Employer Plan
PLANSPONSOR; registration may be required 
July 18, 2022 "The lawsuit alleges that, from January 2018 through April 2021, CEB received nearly $2 million in salary deferral contributions from employees' pay. According to the lawsuit, however, CEB 'failed to timely remit the amounts withheld to the plan.' In some cases, the lawsuit alleges, the plan fiduciaries took up to 482 days to make the required contributions." [Walsh v. Preece, No. 22-0066 (E.D. Ky. complaint filed Jul. 13, 2022)] |
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