Labor Department Gets Tough

The Department of Labor filed lawsuits against 24 employers and individual-plan fiduciaries in a single day for diverting employee contributions that were intended for retirement and healthcare plans. A recent study showed that about seven in 10 employers fail to forward such contributions in a timely manner, as required by law.

Human Resource Executive Magazine

November 19, 2010

read more: http://www.hreonline.com/HRE/story.jsp?storyId=533325938

 

 

Robert Stowe England is an author and financial journalist who has specialized in writing about financial institutions, financial markets, retirement income issues, and the financial impact of population aging.

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