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Violation Tracker Individual Record

Company: 99 Cents Only Stores LLC
Current Parent Company: Ares Management
Penalty: $750,000
Year: 2023
Date: November 8, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: 99 Cents Only agreed to pay $750,000 to settle litigation alleging it failed to prevent high fees in its 401(k) plan.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:22-cv-01966
Case Name: Salvador Aquino et al v. 99 Cents Only Stores LLC et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.