401(k) Sponsor Sues AIG Over Plan Embezzlement
In the suit, Beck/Arnley Worldparts Corp. contends that Spelman & Co Inc., who worked in affiliation with Stokes and his company 1Point Solutions LLC, failed to protect it from a 401(k) planner with a sketchy past. Spelman became part of AIG in 2005, so Beck/Arnley filed the suit as Spelman’s successor.
Beck/Arnley started its...
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