The DoL alleges that Aguirre failed to administer the retirement program. The litigation maintains that he has failed to authorize approximately $100,734 in distributions to plan participants.
Estimated reading time: 0 minutes, 22 seconds
DoL Seeks to Remove 401(k) Plan Trustee
The Department of Labor has filed litigation in the U.S. District Court for the Northern District of Illinois seeking to have Eugene Aguirre removed as the sole trustee for the Sunstrand Electric Company Inc. Employees 401(k) Profit Plan and Trust. So reports PlanAdvisor.
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