Can I read Labor Department Seeks Fiduciary for 401(k) on EtoBox?

Labor Department Seeks Fiduciary for 401(k) is a document available to read on EtoBox.

What is Labor Department Seeks Fiduciary for 401(k) about?

The U.S. Department of Labor sued to remove the trustee of the abandoned Oven Digital, Inc. 401(k) plan and appoint an independent fiduciary. The plan was abandoned in 2001 when the company ceased operations and the trustee failed to distribute assets of $360,003 to the 64 participants. The lawsuit alleges violations of ERISA and aims to ensure participants receive promised benefits by having the independent fiduciary terminate the plan and distribute remaining funds.

Language

EN