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News Brief

Solis v. JMN Consulting, Inc. and JMN Consulting, Inc. 401(k) P/S Plan involving the failure to terminate and distribute plan assets in Maple Grove, Minn.

Date of Action:  June 30, 2011

Type of Action:  Complaint to appoint an independent fiduciary to terminate the plan and distribute its assets

Names of Defendant: JMN Consulting, Inc. and JMN Consulting, Inc. 401(k) P/S Plan

Allegations: After the death in May 2010 of Patrick Tuckner, the owner of the company and the plan trustee, the company failed to administer the plan in order to effectuate its termination, and the distribution of Plan assets to the participants and beneficiaries.  As of Feb. 2, 2011, the plan had assets totaling approximately $54,095 and 22 participants.

Court: United States District Court, District of Minnesota, Minneapolis, Minn.

Docket Number: 11-cv-01744

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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.

Agency
Employee Benefits Security Administration
Date
June 30, 2011
Release Number
EBSA-11-10-CHI