Federal Court Orders Home Healthcare Company, President, Owner, to Restore Over $85K to Employee Retirement Plan

On Oct. 20, 2022, Judge Elaine E. Bucklo in the US District Court for the Northern District of Illinois, Eastern Division, found Home Bound Healthcare Inc., company President David Rine and company sole owner, Secretary-Treasurer Julieta Mitra, in default after they failed to respond to a complaint the US Department of Labor filed on March 31, 2022. The filing, on behalf of the Secretary of Labor, follows an investigation by the department’s Employee Benefits Security Administration that found the now defunct Flossmoor, Illinois-based Home Bound Healthcare Inc., Rine and Mitra failed to remit $59,921 in employee voluntary salary deferral contributions and loan repayments to the Home Bound Healthcare Inc. 401(k) Plan for certain payroll periods between April 1, 2016, through Aug. 16, 2019. The investigation also found that the 401(k) plan suffered an additional $25,481 in lost opportunity costs, calculated through Aug. 3, 2022.

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