Company, Union and Retirement Plan Administrator Sued for Purported Fraud
Alleged violations of the Employee Retirement Income Security Act (ERISA) provisions involved a lawsuit with 225 plaintiffs, all current or former workers at an Ohio…
401k
Company to Restore More Than $500,000 to Retirement Plan
Explore General, Inc., a now-defunct construction company based in Fresno, CA, has been ordered to restore over 500,000 dollars to the company’s 401(k) profit-sharing retirement…
Company Sued for Investing 401(k) Funds in Fraudulent Scheme
The U.S. Department of Labor (DOL) has filed a lawsuit against a construction company for misappropriation of funds from a 401(k) plan. Allegedly more than…
Man Accused of Murder Uses Retirement Plan Funds for Legal Fees
A Wisconsin murder suspect is being permitted to utilize funds from his 401(k) to hire an attorney for representation. Jason Anderson of Fond du Lac,…
Employees Can Now Receive Quality Investment Advice
For persons of 401(k)-type plans and individual retirement accounts (IRAs), investment advice is an often necessary but not readily available component. This is in part…
Are Retirement Income Menus a Good Idea?
The Institutional Retirement Income Council(IRIC) which promotes retirement income solutions highlights the common retiring individuals inability to deal with the the continuing shift from defined…
New Bill Introduced to Senate to Restrict Frivolous Usage of 401(K) Funds
A new bill has been introduced into the Senate by two Senators, the Republican Mike Enzi of Wyoming, and the Democrat Herb Kohl of Wisconsin.…
Fresh & Easy Accepting Applications for New Stores in Orange County
Fresh & Easy is opening a pair of new stores in Orange County and is hiring about 20 workers for each, a company spokesman told…
Oklahoma Call Center to Hire 260
Convergys, a customer relations service corporation based in Cincinnati, Ohio, plans to hire 260 more employees for their Moore, Oklahoma call center. Convergys has over…
Columbus McKinnon Closes Plants, Lays Off 10%
Industrial manufacturer Columbus McKinnon will close down two factories and reduce capacity at a third, resulting in the layoffs of 10% of its workforce. Last…