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Release Date: 01/29/1998
Release
Number:USDL-23
Contact Name: GLORIA DELL
Phone Number: 202.219.8921
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The U. S. Department of Labor filed a lawsuit
yesterday against the owner of Computer Software Analysts, Inc., based in
Inglewood, Calif., for failing to transmit employer and employee contributions
to the company’s 401(k) plan. |
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The company provided technical and engineering
services to such federal government agencies as the National Aeronautics and
Space Administration and the Department of Defense. The 401(k) profit sharing
plan covered 108 participants |
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The Labor Department lawsuit alleges that Levi J.
Carey Sr. — who also held the position of trustee to the plan —
failed to transmit to the plan contributions withheld from employee paychecks
and the company’s matching contributions. The money was to be transmitted
to Aetna Life Insurance Co. |
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Carey allegedly directed that an amount
substantially less than required be remitted to the plan’s Aetna account
over the period July 1992 to June 1994. He also is charged with failing to
comply with the plan’s rules. |
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In a related criminal action, Carey pleaded guilty
on July 7, 1997 to embezzling not less than $450,000 from the plan. He is
awaiting sentencing in the criminal case. |
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This case resulted from a criminal investigation
by the Los Angeles Regional Office of the Pension and Welfare Benefits
Administration into alleged violations of the Employee Retirement Income
Security. The lawsuit was filed on Jan. 28 in Federal District Court for the
Central District of California at Los Angeles. |
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(Herman v. Carey)
Civil No. CV 98-710LGB
(U. S. v. Hetrick) |
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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 202.693.7755. |
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