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DOL: Retirement Plan Administrator Embezzled $5.5M
News February 23, 2024 at 01:31 PM
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What You Need To Know
- A preliminary injunction bars the firm and owner from involvement with trust assets.
- The firm, RiversEdge, is a third-party administrator of at least 240 retirement plans.
- RiversEdge and Paul Palguta transferred assets from 17 retirement plans into their own corporate accounts, according to the department.
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