The U.S. Department of Labor has announced three new cases against companies in which it alleges participants in retirement plans were being harmed.
Two of the cases, Perez v. Ferguson et al. and Perez v. Fisher et al., involve charges that pre-tax pension contributions were never sent to the appropriate funds. In the third case, Harris v. Koresko et al., a court found it likely the Labor Department would be successful in prosecuting its allegations that the defendants breached ERISA laws.
In that case, the U.S. District Court for Eastern Pennsylvania ordered the defendants – including PennMont Benefit Services Inc. – removed from their positions at the Single Employer Welfare Benefit Plan Trust and the Regional Employers Assurance League Voluntary Employees' Beneficiary Association Trust.
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