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Violation Tracker Individual Record

Company: FirstGroup America Inc.
Current Parent Company: FirstGroup
Penalty: $4,500,000
Year: 2024
Date: December 18, 2024
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Transportation company FirstGroup and its investment consultant Aon Hewitt together agreed to pay $9 million to settle litigation alleging they included subpar investment options in an employee 401(k) plan. Court documents did not indicate how much each defendant would pay. Here we assume they each paid half of the total.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Ohio
Civil or Criminal Case: civil
Case ID: 1:18-cv-00326
Case Name: McGinnes et al v. FirstGroup America, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: transit services
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.