LABOR DEPARTMENT REACHES AGREEMENT RESTORING FUNDS TO MENTOR, OHIO-BASED 401(K) PLAN
December 12, 2007
December 12, 2007
MENTOR, Ohio, Dec. 12 -- The U.S. Department of Labor's Employee Benefits Security Administration issued the following news release:
The U.S. Department of Labor has reached agreement with Kevin A. Tenkku, president of MED-XS Solutions Inc. in Mentor, requiring him to pay $38,612.17 to the company's 401(k) plan and removing him as a fiduciary to the plan.
In a consent judgment filed in federal district court in Cleveland, Tenkku agreed to pay the funds after he fail . . .
The U.S. Department of Labor has reached agreement with Kevin A. Tenkku, president of MED-XS Solutions Inc. in Mentor, requiring him to pay $38,612.17 to the company's 401(k) plan and removing him as a fiduciary to the plan.
In a consent judgment filed in federal district court in Cleveland, Tenkku agreed to pay the funds after he fail . . .