Photo: Getty Images

The Department of Labor (DOL) successfully obtained a consent judgment to remove one company as fiduciary of its 401(k) plan and has sued a defunct nonprofit over another plan.

In the first case, DOL filed a complaint to remove Encorium Group Inc., formerly a global clinical research company, as fiduciary of the company’s 401(k) plan. An investigation by the Employee Benefits Security Administration (EBSA) found that Encorium Group failed to terminate the plan, despite ceasing all business operations on or about October 2009.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.