The Department of Labor's Employee Benefits Security Administration determined he defrauded $2 million from the Rehabilitation Center for Children & Adults Inc. Pension Trust
Tag: pension plan
The majority of DB plan sponsors plan to completely divest all of their company’s liabilities in the near future
They are seeking reductions as high as 50%.
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
The trustee is ordered to pay $234,271 in restitution, serve a year of probation and is barred from serving as a fiduciary to a benefit plan for 13 years.