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Violation Tracker Individual Record

Company: Aon Investments USA Inc.
Current Parent Company: Aon
Penalty: $4,500,000
Year: 2024
Date: July 2, 2024
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Centerra Group and Aon Investments agreed to pay a total of $7.5 million to settle litigation alleging that they mismanaged a 401(k) retirement plan for Centerra employees. Aon paid $4.5 million of the total.
Level of Government: federal
Action Type: private litigation
Court: District of South Carolina
Civil or Criminal Case: civil
Case ID: 1:20-cv-04220
Case Name: Williams et al v. Centerra Group, LLC et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Ireland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (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.