The Department of Labor has sued ChimesDistrict of Columbia, Inc., affiliated companies, companyexecutives and employee benefit plan service providers, saying thatan employee benefit plan sponsored by Chimes DC forked overmillions in excessive fees.
The nonprofit Chimes DC employs disabled workers who providejanitorial and custodial services under multiple taxpayer-fundedgovernment contracts.
DOL said that an investigation by its Employee Benefits SecurityAdministration found that Chimes DC, its parent company ChimesInternational and executives Martin Lampner and Albert Bussoneviolated the Employee Retirement Income Security Act by getting aChimes DC health and welfare plan to pay millions in excessivefees—some to the plan’s third-party administrator, FCE BenefitsAdministrators, Inc. and some to another company, BenefitsConsulting Group.
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