May 3, 1999
LABOR DEPARTMENT SUES HARRIS COUNTY 401(K) PLAN OFFICIAL FOR FAILURE TO FORWARD EMPLOYEE CONTRIBUTIONS TO PLAN
Archived News Release — Caution: Information may be out of date.
The U. S. Department of Labor sued a Harris County, Tex. company and its 401(k) plan official for failing to forward to the plan employee contributions withheld from their paychecks, resulting in losses to the participants of $6,986.
Defendants in the case include the Pin Oak Medical/Surgical Associates, located in Houston, the company owner Dr. Lynn R. Gibbs, who also was the plan trustee, and the plan.