Plan Must Restore Misplaced Assets
Posted on Sat, Jan 21, 2012
January 17, 2012
--A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it has not recovered the misplaced funds.--
http://www.planadviser.com/Plan_Must_Restore_Misplaced_Assets_Although_not_Recovered.aspx
The opinion in Milgram v. Orthopedic Associates et al. is here.
