US - A court has ordered the owner of now defunct Warde Electric Contracting and L.A.B. Electric Sales Corp, Eric Appelbaum, to repay over $1m to four company retirement benefit plans and barred him from serving as a fiduciary to employee benefit plans.
The decision was made after the US Department of Labor filed a law suit that accused Appelbaum of violating the Employee Retirement Income Security Act (ERISA). Secretary of Labor Elaine Chao said ...
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