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Report – Labor Dept. investigates RadioShack retirement plans


Fort Worth, Texas – The U.S. Department of Labor is reportedly investigating how RadioShack has been managing its 401(k) retirement plans for employees. According to the Associated Press, the Department of Labor notified RadioShack of the investigation with a letter saying it is looking at the retailer’s management of retirement plans going back to 2011.

RadioShack has provided documents at the Labor Department’s request, and the agency has also interviewed some employees. The retailer is facing at least three lawsuits related to its handling of employee retirement plans.
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