News > DOL Obtains Consent Order and Judgment to Distribute Assets to Retirement Plan Participants

DOL Obtains Consent Order and Judgment to Distribute Assets to Retirement Plan Participants

After an investigation by the U.S. Department of Labor’s Cincinnati office of the Employee Benefits Security  Administration (EBSA), the Department of Labor has obtained a consent order and judgment requiring the fiduciaries of Fremont, Ohio-based Techniform Industries Inc. 401(k) Plan to restore $23,716 to the plan and pay a penalty of $4,743 for violations of the Employee Retirement Income Security Act (ERISA).

https://www.dol.gov/newsroom/releases/ebsa/ebsa20190502