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News Release

Labor Department Sues Illinois Firm and President For Misuse Of Pension Contributions

Archived News Release — Caution: Information may be out of date.

Kansas City, Missouri - The U. S. Department of Labor has sued Quincy, Illinois-based Passenger Transport, Inc. and its president for using contributions of the company’s pension plan for their benefit instead of remitting the assets to the plan.
“This case exemplifies the department’s commitment to protect the benefits promised to employees," said Gregory Egan, director of the Kansas City regional office of the department’s Pension and Welfare Benefits Administration, whose investigation resulted in today’s civil action.

The suit, filed on March 25, 2002 in federal district court in Springfield, Illinois, alleges that the firm and its president David Disselhorst violated the Employee Retirement Income Security Act (ERISA) by failing to remit to the plan salary deferral contributions of covered employees for the period January 23, 1998 through May 28, 1999.

The suit seeks a court order to require the defendants to repay all unremitted employee contributions plus lost interest.

Passenger Transport, Inc., the plan’s administrator, is an air freight trucking and limousine service company. As of May 1999, the pension plan covered 15 participants.

Employers and workers can reach the Kansas City office of the Pension and Welfare Benefits Administration at the Toll-Free Employee & Employer Hotline: 1.866.275.7922, for help with questions about private-sector pension and health plans.

(Chao v. Passenger Transport, Inc.
Civil Action No. 02-3090)

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Archived News Release — Caution: Information may be out of date.

Agency
Employee Benefits Security Administration
Date
March 27, 2002
Release Number
165