Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Compliance Analyst - Defined Contribution Plans

M2B Retirement Consulting LLC
(Remote / PA)

M2B Retirement Consulting LLC logo

Inquisitive DC Account Manager

Nova 401(k) Associates
(Remote / Houston TX / Scottsdale AZ)

Nova 401(k) Associates logo

DB/DC Administrator

Primark Benefits
(Remote / San Mateo CA)

Primark Benefits logo

Assistant Director of Pension Administration

Primark Benefits
(Remote / San Mateo CA)

Primark Benefits logo

401(k) Plan Analyst

Evergreen Retirement Plan Consulting, LLC
(Remote)

Evergreen Retirement Plan Consulting, LLC logo

Enrolled Actuary - Pensions

Robin S. Weingast & Associates
(Remote / Garden City NY / CT / NJ)

Robin S. Weingast & Associates logo

Fund Reconciliation and Reorg Analyst

Ubiquity Retirement + Savings
(Remote / San Francisco CA)

Ubiquity Retirement + Savings logo

Retirement Plan Administrator

Hessel & Associates, LLC
(Remote / IL)

Hessel & Associates, LLC logo

Head of Sales-Retirement Plans

The Standard
(Remote / Portland OR)

The Standard logo

Internal Accounting Specialist

July Business Services
(Remote)

July Business Services logo

Director- Employee Health Plan

Indiana University Health
(Indianapolis IN)

Indiana University Health logo

Project Coordinator/New Business Implementation Team

The Retirement Plan Company (TRPC)/an ABG firm
(Remote)

The Retirement Plan Company (TRPC)/an ABG firm logo

Retirement Plan Administrator

Retirement Solutions Specialists, LLC
(Remote / Jacksonville FL)

Retirement Solutions Specialists, LLC logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Rancho Cordova CA / Corona CA)

Nicholas Pension Consultants logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by Employee Benefits Security Administration [EBSA], U.S. Department of Labor

Press Release

Federal Court Orders Defunct Las Vegas Airline to Pay Former Employees $219,716 to Restore Health Plan Losses

Issued by Employee Benefits Security Administration [EBSA], U.S. Department of Labor

Nov. 4, 2018

SAN FRANCISCO, CA - The U.S. District Court for the District of Nevada has approved a consent judgment between the U.S. Department of Labor and Vision Airlines Inc. that requires the now-defunct company to pay $219,716 to former employees for violations of the Employee Retirement Income Security Act (ERISA) in connection with their health plan. Vision Airlines Inc.; Vision Airlines Inc. Health and Welfare Plan; and fiduciaries William Acor and Shelley Lynne have also been assessed a civil penalty of approximately $44,000.

Following an investigation by the Department's Employee Benefits Security Administration (EBSA), the Department's Office of the Solicitor filed a complaint on April 16, 2018, alleging that fiduciaries to the Vision Airlines Inc. Health and Welfare Plan violated ERISA when they failed to forward withheld employee contributions and COBRA payments to the company's health and welfare plan. In addition, the defendants failed to pay their share of health insurance premiums and failed to provide participants with timely notice that they were at risk of losing their insurance coverage. As a result, the health insurance was retroactively canceled, leaving some employees with large, unpaid medical expenses.

"The U.S. Department of Labor is committed to protecting the benefits of America's workers," said Department's Employee Benefits Security Administration Regional Director Klaus Placke, in San Francisco. "We will not hesitate to act to hold accountable those who misuse assets intended for workers' health insurance."

The judgment orders the defendants to pay $106,182.98 in plan losses in the form of outstanding employee contributions and COBRA payments to the plan, which includes lost opportunity costs. The court has also ordered the defendants to pay $113,534.00 in plan participants' uncovered medical claims resulting from their loss of health insurance due to the nonpayment of premiums by plan fiduciaries, and permanently enjoined the defendants from engaging in any further violations of ERISA. It also permanently bars William Acor from serving as a fiduciary or service provider to any ERISA-covered employee benefit plan, and bars Shelley Lynne from serving as a fiduciary or service provider to an ERISA-covered employee benefit plan for two years.

View More Press Releases by Employee Benefits Security Administration [EBSA], U.S. Department of Labor


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2022 BenefitsLink.com, Inc.