Archived News Release Caution: Information may be out of date.
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Release Date: 05/24/2004
Release Number: 04-871-PHI
Contact Name: Gloria Della
Phone Number: 202.693.8664
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Washington, DC - The U.S. Department of Labor
has sued the former trustees of the Votenet Solutions Inc. 401(k) plan and
trust in Washington, D.C., for failing to forward employee contributions
to the company’s retirement plan. |
“This
lawsuit underscores the Labor Department’s commitment to hold
accountable those who are entrusted with the assets of workers’
retirement plans,” said Mabel Capolongo, director of the Employee
Benefits Security Administration’s (EBSA) Philadelphia regional office. |
The
suit alleges that Mitchell Reisberg and Glen Hughlette violated the
Employee Retirement Income Security Act (ERISA) by failing to collect
employee contributions owed to the plan between November 2000 and March
2002. The suit was filed in federal district court in Washington, D.C.,
and seeks to permanently bar the defendants from service to and
controlling any assets of any plan governed by ERISA. |
Votenet
Solutions is a provider of Internet products and services related to
elections, voting, voter registration and advocacy. The plan covered 33
participants, according to the latest information available to the
department. At the time of the improper actions, Reisberg and Hughlette
were the vice president and president of Votenet Solutions, respectively.
During the past year, neither defendant has been employed by Votenet
Solutions. |
Employers with similar problems, who are not yet the
subject of an investigation by EBSA, may be eligible to participate in the
department's Voluntary Fiduciary Correction Program (VFCP). Participation
in the VFCP requires employers to make workers whole but allows them to
avoid EBSA enforcement actions and civil penalties as well as any
applicable excise taxes. For more information about the VFCP see
www.dol.gov/ebsa. |
In
fiscal year 2003, EBSA achieved record monetary results of $1.4 billion
related to the pension, 401(k), health and other benefits of millions of
American workers and their families. The case was investigated by EBSA’s
district office in Silver Spring, Md. Employers and workers can contact
the district office at 301.713.2000 or EBSA’s toll free number,
1.866.444.EBSA (3272), for help with problems relating to private-sector
pension and health plans. |
(Chao
v. Reisberg)
Civil Action No. 1:04CV00748 |
U.S.
Labor Department news releases are accessible on the Internet at
www.dol.gov. The information in this news release will be made available
in alternate format upon request (large print, Braille, audio tape or
disc) from the COAST office. Please specify which news release when
placing your request at 202.693.7765 or TTY 202.693.7755. The U.S.
Department of Labor is committed to providing America's employers and
employees with easy access to understandable information on how to comply
with its laws and regulations. For more information, please visit
www.dol.gov/compliance. |
Archived News Release Caution: Information may be out of date.
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