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Pennsylvania Federal Judge Orders RiversEdge Out of Retirement Plans

A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.

Barry salkinPaul palgutaMarilynj horanUs department of laborCharles schwab trust bankGroom law groupAtlantic trust companyRiversedge advanced retirement solutionsSchwab retirement technologies incWagner law groupJudge marilynMid atlantic trust companySchwab retirement technologiesDrew oringerEmployee retirement income security act covered

DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors

The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets from 17 clients.

United statesJulie suMarilyn horanPaul palgutaSchwab or american trust custodyDepartment of laborReceivership management incAmerican trust custodyRepresentatives of charles schwab trust bankCharles schwab trust bankCourt orderRiversedge advanced retirement solutionsReceivership managementEmployee retirement income security actJudge marilyn horanWestern district

DOL Lawsuit Alleges TPA Stole $5 5M in Retirement Plan Assets From 17 Clients

A restraining order has been granted in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.

United statesJulie suChris broussardPaul palgutaUs department of laborDepartment of laborCharles schwab trust bankAmerican trust custodyRiversedge advanced retirement solutionsAtlantic trust companyUs district courtCharles schwabEmployee benefits security administrationEdgeco holdingsSchwab retirement technologies incUs department of justice

Ameritas launches new Pooled Employer Plan

/PRNewswire/ Ameritas has announced the launch of the Pooled Employer Plan (PEP), now available on Ameritas flexible retirement plan platform. PEPs allow.

New yorkUnited statesScott holechekJim kaisPrnewswire ameritasAmeritas mutual holding companyAmeritas life insurance corpCharles schwab trust bankSetting up every community for retirementCharles schwab corporationPooled employer planHouse financialSchwab trust bankAmeritas pooled employer planAmeritas life insuranceMedia relations

Ameritas launches new Pooled Employer Plan

LINCOLN, Neb., June 15, 2023 /PRNewswire/ Ameritas has announced the launch of the Pooled Employer Plan (PEP), now available on Ameritas flexi.

New yorkUnited statesScott holechekJim kaisPrnewswire ameritasCharles schwab trust bankAmeritas mutual holding companyAmeritas life insurance corpCharles schwab corporationSetting up every community for retirementPooled employer planHouse financialSchwab trust bankAmeritas pooled employer planAmeritas life insuranceMedia relations

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