Archived News Release Caution: Information may be out of date.
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Release Date: 06/08/2001 Release
Number: NY-148 Contact Name: Gloria Della Phone Number: 202.219.8921 |
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New York, New York - The U.S. Department of
Labor is filing suit against James C. Docster, a trustee of the Dodge-Markham
Co. 401(k) plan located in Conklin, New York, for failure to timely forward
employee contributions to the plan and misusing the assets for the benefit of
the company, according to a lawsuit filed on May 30, 2001. |
The 401(k) plan covers approximately 66 employees
of Dodge-Markham Company, Inc. and its subsidiaries DDW Forms Groups, Direct
Business Products, Precision Time Cards, and JD Associates. It is a defined
contribution pension plan which allows employees to make voluntary
contributions. |
The Labor Department lawsuit alleges that Docster
violated the Employee Retirement Income Security Act (ERISA) by failing to
forward to the plan some employee contributions starting in March 1995. As of
April 30, 1997, the plan had approximately $166,190 in assets. |
The lawsuit seeks a court order to require that
Docster correct any prohibited transactions involving the plan and restore all
losses, with interest, suffered by the plan as a result of his improper
actions. The department also asks the court to permanently bar Docster from
serving as a fiduciary or service provider for any plan covered by
ERISA. |
This case, filed in federal district court for the
northern district of New York, resulted from an investigation conducted by the
Boston Regional Office of the Pension and Welfare Benefits Administration into
alleged violations of ERISA. According to Regional Director James Benages,
This case reaffirms our commitment to protect workers hard-earned
benefits. Workers can help us protect their benefits by contacting our office
at 617.565.9600 if they have questions or suspect abuse of their pension,
health or other benefit plans. |
(Chao v. Docster Civil Action No.
3:01-CV-827) |
U.S. Department of
Labor news releases are accessible on the Internet. The information in this
news release will be made available in alternate format upon request (large
print, Braille, audio tape or disc) from the Central Office for Assistive
Services and Technology. Please specify which news release when placing your
request. Call 202.693.7773 or TTY 202.693.7775. |
Archived News Release Caution: Information may be out of date.
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