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Labor Dept.: Judgment Removes President of Defunct Cherry Hill Manufacturer as 401(K) Plan Fiduciary, Appoints Independent Fiduciary to Distribute $47K in Assets
February 28, 2024
WASHINGTON, Feb. 28 -- The U.S. Department of Labor Employee Benefits Security Administration issued the following news brief on Feb. 27, 2024:

* * *

Date of action: Feb. 7, 2024

Type of action: Motion for default judgment granted by the U.S. District Court for the District of New Jersey. The action follows a complaint and motion filed by the U.S. Department of Labor on June 15, 2023.

Defendants:

* Marlton Pike Precision LLC 401(k . . .

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