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Violation Tracker Individual Record

Company: Reliance Trust Company
Penalty: $9,393,132
Year: 2022
Date: January 6, 2022
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: The U.S. Department of Labor recovered more than $9.3 million from Reliance Trust for participants of a Minneapolis manufacturing company's employee stock ownership plan after the fund overpaid for company stock in 2011, under the terms of a consent judgment entered in a federal court.
Level of Government: federal
Action Type: agency action
Agency: Employee Benefits Security Administration
Civil or Criminal Case: civil
Facility State: Minnesota
Facility City: Minneapolis
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.