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Violation Tracker Individual Record

Company: Reliance Trust Company
Penalty: $22,500,000
Year: 2023
Date: September 13, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: The U.S. Department of Labor recovered $22.5 million from Reliance Trust Company in connection with an employee stock ownership plan's overpayment for a recreational vehicle rental company's stock.
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.