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Court Orders Fiduciaries to Restore $283,530 in Retirement Assets for Employees at Heartland Foods in Indianapolis
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
June 24, 2013
"The [DOL] announced that the owners of Heartland Foods Inc. will restore $283,530 to the Heartland Foods Inc. 401(k) Profit Sharing Plan under terms of a consent judgment and order. The decision follows an investigation by the [EBSA] that found [two] co-owners ... transferred assets from the plan to the company's checking account and failed to properly manage the plan's assets, comingling employee contributions with the company's general operating accounts in violation of [ERISA]."
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