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By Paula Aven Gladych |
June 19, 2012
A defunct electrical contractor in California has been ordered to restore nearly $571,000 to its 401(k) plan. The company placed money that should have gone into employee retirement accounts into the company's general fund instead.
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By Amanda McGrory-Dixon |
April 5, 2012
Explore General Inc. in Fresno, Calif., and Jaime M. Gonzalez, the company’s former CEO and president, have been ordered to pay $519,601 to the company's 401(k) profit-sharing plan, according to the terms of a judgment and order entered in the U.S. District Court for the Eastern District of California.