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Violation Tracker Individual Record

Company: Schneider Electric Holdings Inc.
Current Parent Company: Schneider Electric
Penalty: $200,000
Year: 2023
Date: September 19, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Schneider Electric agreed to pay $200,000 to settle litigation alleging it mismanaged its employees' 401(k) retirement plan.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 1:20-cv-11006
Case Name: Turner et al v. Schneider Electric Holdings, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: France
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: electrical equipment
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.