Employer takes pricey gamble playing with pension funds — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Employer takes pricey gamble playing with pension funds

Get PDF file

by on
in Human Resources

The owner of a Hollywood, Fla., insurance agency who siphoned money from the company’s pension fund has been found in contempt of court for failing to restore $107,938 to the plan.

The U.S. Labor Department levied a $200 per day fine until he makes restitution. The courts also added another $10,700 in interest and fees to the original judgment. 

Leave a Comment

Previous post:

Next post: