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Wells Fargo gets OK to fund benefits with captive

WASHINGTON—Financial services industry giant Wells Fargo & Co. has received final U.S. Labor Department approval to fund benefit risks through its Vermont captive. San Francisco-based Wells Fargo is using its...

Heinz seeks to expand benefits funded in captive

WASHINGTON?A.J. Heinz Co. is asking the Labor Department for permission to expand employee benefit risks funded through its Vermont captive. In 2006, the Labor Department approved Heinz?s request to use...