US - Lodging and Gaming Systems (LGS) owner Steven Urie has been ordered to pay nearly US$170,000 into the bankrupt firm's 401(k) plan after he was sued by the Department of Labor (DoL).
A DoL investigation revealed Urie had failed to collect delinquent employer contributions and to forward to the plan employee contributions and loan repayments deducted from employee paychecks duri...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here