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Press Releases by Date | Press Releases by Company Name
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Press Release Court Orders Engineering Firm, Owner to Restore $45k in Retirement Assets to Company's 401(k) Plan, Distribute Funds to Former Employees |
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Issued by Employee Benefits Security Administration [EBSA], U.S. Department of Labor Jan. 14, 2026 |
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Infrastructure & Development Engineering Inc. violated federal employee benefits law CINCINNATI – A federal court has ordered a civil engineering firm and its owner to pay $45,699.63 to employee accounts in the company’s 401(k) plan after the U.S. Department of Labor found the company violated federal employee benefits law. On Dec. 16, 2025, the U.S. District Court for the Southern District of Ohio, Western Division, entered a consent order and judgment resolving a complaint filed by the department. The complaint alleged that between Feb. 10, 2017, and Aug. 19, 2022, Infrastructure & Development Engineering Inc. and its owner James Hahn failed to remit employees’ retirement contributions to the company’s 401(k) plan and failed to prudently manage the plan, in violation of the Employee Retirement Income Security Act. Under the court order, Hahn and the company must pay $45,699.63 to the accounts of affected employees and former employees. “This employer violated federal law by withholding employee 401(k) plan contributions and failing to deposit them into the company’s retirement plan,” said Employee Benefits Security Administration Regional Director Joe Rivers in Cincinnati. “The Department of Labor will enforce the law, hold employers accountable, and make sure that employees receive their hard-earned retirement benefits.” After restoring the retirement assets, Hahn must take steps to terminate the Infrastructure & Development Engineering Inc. 401(k) Plan and be removed as a fiduciary to the plan. Hahn and the company were assessed a $9,139.93 civil penalty for fiduciary breaches. Fiduciaries and plan administrators can get help complying with the law and correcting violations through EBSA’s correction programs. These include the Voluntary Fiduciary Correction Program, which encourages employers and plan officials to voluntarily correct ERISA violations, and the Delinquent Filer Voluntary Compliance Program, which helps late filers come into compliance with annual ERISA reporting requirements. Employers and workers can contact EBSA at askebsa.dol.gov or call 866-444-3272 toll-free for help with private sector job-based retirement and health plans. |
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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. |