US Labor Department recovers nearly $300,000 in retirement assets for employees of former Integra Engineering in Sterling Heights, Mich.

DETROIT – The U.S. Department of Labor has obtained a default judgment removing Intelec Inc., formerly known as Integra Engineering Inc. in Sterling Heights, from its position as fiduciary of the Integra Engineering Inc. Employees 401(k) Plan. The default judgment, entered in the U.S. District Court for the Eastern District of Michigan in Detroit, allows the plan’s known assets of $299,598.84 to be distributed to its 23 participants as required by the Employee Retirement Income Security Act.

The retirement plan was abandoned upon the deaths of Timothy Russell and William Dornbrock, the former owners of Intelec Inc. and trustees of the plan. Intelec Inc. ceased doing business in July 2009 and was automatically dissolved by Michigan’s secretary of state. The judgment appoints AMI Benefit Plan Administrators Inc. as an independent fiduciary to terminate the plan and distribute its assets to participants and beneficiaries.
 
“We are pleased that workers will now have access to their hard-earned retirement savings,” said L. Joe Rivers, director of the Cincinnati Regional Office of the department’s Employee Benefits Security Administration. “The Labor Department is committed to helping workers obtain their rightful benefits so they can continue to provide for themselves and their families during their retirement.”

The department’s legal action resulted from an investigation by EBSA’s Cincinnati office. Employers and workers can contact that office at 859-578-4680 or toll-free at 866-444-3272 for assistance with problems related to private sector pension and health plans.

EBSA protects the security of the retirement, health and other workplace-related benefits of America’s workers, retirees and their families. The agency oversees approximately 708,000 private sector retirement plans, 2.8 million health plans and other plans that provide benefits to more than 150 million Americans. Collectively, these plans hold more than $6 trillion in assets. Additional information can be found at www.dol.gov/ebsa.

Solis v. Intelec Inc., formerly Integra Engineering Inc., and the Integra Engineering Inc. Employees 401(k) Plan
Civil Action Number: 2:11-cv-12042

U.S. Department of Labor news 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.