Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: WH Administrators
Penalty: $28,650,604
Year: 2020
Date: April 6, 2020
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: The Employee Benefits Security Administration obtained a judgment of more than $28 million against fiduciary WH Administrators after finding that the firm promoted, sold and administered self-funded welfare plans to more than 100 employers, and promised that - if the employers paid its premiums - all medical claims properly accrued under the plan would be paid, and that the employers would bear no additional responsibility. EBSA determined that the firm violated the Employee Retirement Income Security Act (ERISA) when it failed to act prudently and in the best interests of the plan participants and failed to provide proper plan funding.
Level of Government: federal
Action Type: agency action
Agency: Employee Benefits Security Administration
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.