The U.S. Department of Labor (DOL) has filed suit against Catherine Ellingen, owner and president of Plywood Industries in Roseville, over violations of the Employee Retirement Income Security Act (ERISA).
The lawsuit claims Ellingen kept employees’ health insurance contributions and used the money to finance ongoing company operations from January 2006 through July 2007. The DOL seeks to permanently bar Ellingen from serving as a fiduciary to any ERISA-governed plans. It also wants her to repay the contributions, plus interest.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/5321/roseville-company-sued-for-pocketing-health-insurance-funds "
- Employee or independent contractor? For workers' comp, commission is last word
- DIY health care reform: Create inexpensive, effective wellness programs
- Work/Afterlife balance? Benefit helps staff plan funerals
- Candy bars and $100 bills help recognize work 'Stars'
- Find tax relief from a medical-reimbursement plan