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Violation Tracker Individual Record

Company: KPMG LLP
Current Parent Company: KPMG
Penalty: $650,000
Year: 2024
Date: July 22, 2024
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: KPMG agreed to pay $650,000 to settle litigation alleging it mismanaged its employee 401(k) retirement plan.
Level of Government: federal
Action Type: private litigation
Court: District of New Jersey
Civil or Criminal Case: civil
Case ID: 2:21-cv-19330
Case Name: Ritorto et al v. KPMG, LLP et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting 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.