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Violation Tracker Individual Record

Company: Sherwin-Williams Co.
Current Parent Company: Sherwin-Williams
Penalty: $80,000,000
Year: 2013
Date: February 21, 2013
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: The U.S. Department of Labor reached a settlement with the Cleveland-based Sherwin-Williams Co. providing $80 million to current and past participants of its Employee Stock Purchase and Savings Plan. The agreement was the result of an investigation by the Employee Benefits Security Administration into whether Sherwin-Williams, seeking to take advantage of tax breaks, improperly managed the plan in violation of the Employee Retirement Income Security Act.
Level of Government: federal
Action Type: agency action
Agency: Employee Benefits Security Administration
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Ohio
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: paints and coatings
Specific Industry of Current Parent: paints & coatings
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.