Close Close

Retirement Planning > Social Security

Labor Eyes UnumProvident Benefit Plans

Your article was successfully shared with the contacts you provided.

NU Online News Service, May 11, 2004, 1:11 p.m. EDT – The U.S. Department of Labor is examining the benefit plans that UnumProvident Corp., Chattanooga, Tenn., provides both for its own employees and outside organizations, UnumProvident says.[@@]

The Labor Department notified UnumProvident March 25 that it was conducting an examination pursuant to the Employee Retirement Income Security Act of 1974, UnumProvident says.

UnumProvident has included a copy of the Labor Department letter in a quarterly report filed May 6 with the U.S. Securities and Exchange Commission.

More on this topic

UnumProvident does not have information about the focus of or time horizon for the Labor Department examination, says Jim Sabourin, a UnumProvident spokesman.

UnumProvident is providing information to the Labor Department in connection with the ERISA examination request, Sabourin says.

The Labor Department was not immediately available for comment.