Please note: As of January 20, 2017, information in some news releases may be out of date or not reflect current policies.
US Department of Labor files suit to recover more than $35,000 for Teletrans Services Inc. Savings and Retirement Plan in Green Bay, Wis.
Date of Action: April 26, 2013
Type of Action: Complaint
Names of Defendant: Jane E. Lehman, Teletrans Services, Inc., and Teletrans Services, Inc. Savings and Retirement Plan in Green Bay, Wis.
Allegations: The complaint alleges that during the period of May 31, 2007, to Sept. 30, 2009, Lehman in her capacity as president and sole shareholder of Teletrans Services, Inc., failed to ensure that $35,077.95 in participant plan contributions withheld from employees’ paychecks were remitted to the plan.
Additionally, during the period from Oct. 31, 2007, to March 31, 2008, Lehman and Teletrans Services, Inc. failed to ensure that participant plan contributions were timely remitted to the Plan, and from Aug. 31, 2009, through Nov. 30, 2010, failed to ensure that participant loan repayments were timely remitted to the Plan.
As of Nov. 5, 2012, the Plan had approximately $168,390.29 in assets, but had no current fidelity bond.
Resolution: The complaint seeks the restoration of all losses including lost opportunity costs, the appointment of an independent fiduciary to terminate the plan and distribute its assets to participants, and to permanently enjoin Lehman and Teletrans Services, Inc. from serving as a fiduciary or service provider to any ERISA-covered employee benefit plan.
Court: United States District Court District, Eastern District of Wisconsin, Green Bay, Wis.
Docket Number: 1:13-cv-00459-WCG
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.