Chalk another one up for the U.S. Department of Labor (DOL). It's won another judgment, this time on behalf of participants in the Alliance Home Healthcare Inc. Profit Sharing Plan.
Back in August, DOL filed suit after an Employee Benefits Security Administration investigation in Chicago found that Palos Hills, Ill.-based Alliance Home Healthcare Inc.; Dalisay Sulit, its president; and Reginaldo Sulit, its secretary/treasurer improperly transferred and distributed more than $1.6 million from the profit sharing plan to themselves, the company, and others.
The lawsuit alleged that those plan withdrawals were not in the best interests of the plan's participants and beneficiaries, and the federal judge agreed, ordering the home healthcare provider and the trustees to repay a total of $1,736,339 to the plan.
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