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Violation Tracker Individual Record

Company: Costco Wholesale Corporation
Current Parent CompanyCostco
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $5,100,000
Year: 2022
Date: July 19, 2022
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Costco agreed to pay over $5 million to settle class action litigation alleging it mismanaged its employees' 401(k) plan.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Wisconsin
Civil or Criminal Case: civil
Case ID: 1:20cv937
Case Name: Soulek v. Costco Wholesale Corporation et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Washington
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.