October 15, 2020
Federal Court Orders Kentucky Bankers Association to Pay $1,561,818 In Losses to Benefits Plan After U.S. Department of Labor Finds Violations
LOUISVILLE, KY – After an investigation by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the U.S. District Court for the Western District of Kentucky entered a consent order and judgment against the Kentucky Bankers Association (KBA), Participating Employer Committee (PEC), Association Healthcare Consortium Inc., and the current and former trustees of the Kentucky Bankers Association Health and Welfare Benefit Program and the KBA Benefits Trust holding them jointly and severally liable to pay $1,561,818 in losses to the Trust.