Employment Law News

U.S. Labor Department Sues Cleveland Business Executive

The U.S. Department of Labor has sued Robert L. Johnson, president of the Jared Group in Cleveland, for failing to forward employee contributions to the company’s retirement plan and to segregate plan contributions from the general operating assets of the company.

“The department will act when plan fiduciaries fail to carry out their duty to protect the retirement plan assets held on behalf of participants,” said Joseph Menez, director of the department’s regional office in Cincinnati of the Employee Benefits Security Administration (EBSA).

The lawsuit alleges that Johnson violated the Employee Retirement Income Security Act (ERISA) by failing to remit contributions deducted from employees’ paychecks to the retirement plan in a timely manner, if at all, during periods from January 2001 through December 2004 when the company ceased business operations. Johnson also failed to maintain a fidelity bond as required by ERISA. Read more at dol.gov.

Contact our Illinois Employment Lawyer Now.

	Did You Know?
	There are laws about missed days and injury pay claims at your employment place By law, you must be unable to work for seven days (including weekends and holidays) before you are eligible for temporary disability benefits. Benefits are retroactive to the first day. The seven days need not be consecutive. Please note that there is no similar waiting period to receive medical benefits or permanent disability benefits. Those benefits are due, if warranted, regardless of the number of lost workdays.