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Federal court orders Louisville technology services provider, retirement savings plan to repay $575K to plan participants

News Employment & labor English Sanctions & Fines
Date: 28th Sep, 2023 Source: US Department of Labor Country: USA Original Source

Brief

Summary:

On September 28, 2023, Judge Benjamin Beaton issued a consent order and judgment against Sypris Solutions Inc. and its 401(k) Merged Retirement Savings Plan,/graphql u0627u0644u0644 halftime>.

Here's a brief summary of the court proceedings:

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The court found that Sypris Solutions Inc. and its retirement

Additional

Contact

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Date of action: September 28, 2023 Type of action: Employee Retirement Income Security Act consent order and judgment  Names of defendants:           Sypris Solutions Inc. and                                                Sypris Solutions 401(k) Merged Retirement Savings Plan Background: On December 27, 2017, the U.S. Department of Labor filed a complaint in the U.S. District Court, Western District of Kentucky, Louisville Division, alleging that Sypris Solutions

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Date of action: September 28, 2023 Type of action: Employee Retirement Income Security Act consent order and judgment  Names of defendants:           Sypris Solutions Inc. and                                                Sypris Solutions 401(k) Merged Retirement Savings Plan Background: On December 27, 2017, the U.S. Department of Labor filed a complaint in the U.S. District Court, Western District of Kentucky, Louisville Division, alleging that Sypris Solutions

This content is restricted.

US Department of Labor

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