EBSA News Brief
U.S. Department of Labor
For Immediate Release: July 19, 2011
Court orders SME Inc., d/b/a Allegra Print & Imaging and Sean Eagan
to restore unremitted payments to employee benefit plans
Date of Action: July 14, 2011
Type of Action: Consent order and judgment
Name(s) of Defendant: SME Inc., d/b/a Allegra Print & Imaging and Sean Eagan, individually and as fiduciaries to the Allegra Print and Imaging 401(k) Plan and Trust and the Allegra Print and Imaging Health Plan
Resolution: The court ordered Eagan to pay $9,879.19 in total, $3,797.61 to Allegra Print and Imaging 401(k) Plan and $6,081.58 to the Allegra Print and Imaging Health Plan. The monies represent total outstanding unremitted health premiums, loan payments and associated lost opportunity cost owed to the plans.
Pursuant to this court’s default judgment and order in Cause No. 3:08-CV-97 dated July 13, 2009, SME Inc., d/b/a Allegra Print & Imaging and Sean Eagan, were ordered to pay $55,119, which included $48,889 to the Allegra Print & Imaging 401(k) Plan, plus $426 in lost opportunity cost, and $5,804 to the Allegra Print & Imaging Health Plan.
The independent fiduciary, M. Larry Lefoldt, appointed in the court’s default judgment and order in Cause No. 3:08-CV-97 shall continue in his role of independent fiduciary in accordance with this and the previous order.
Court: Northern District of Indiana, South Bend Division, South Bend, Ind.
Docket Number: 3:10-cv-00430
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U.S. Department of Labor materials are accessible at www.dol.gov. The information above is available in large print, Braille, audio tape or disc from the COAST office upon request by calling 202-693-7828 or TTY 202-693-7755.