Complaints Filed Against 5 Companies to Collect Money Owed to 2 Teamsters Pension Trust Funds

Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.

Lawyers representing a third-party administrator filed complaints against five companies this week, alleging that each failed to follow collective bargaining agreements for pension beneficiaries from two Teamsters unions.

The separate cases were filed in U.S. District Court for the District of Washington on behalf of plaintiff Northwest Administrators Inc., the authorized administrator and delegate of the Western Conference of Teamsters Pension Trust Fund and the Pacific Coast Benefits Trust Fund, the court docket shows.

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The defendant companies are enterprise information management firm Iron Mountain Inc; construction company Kiewit Infrastructure West Co.; Republic Parking Northwest LLC; chemicals manufacturer Venator Americas LLC; and Welch Foods Inc.

Northwest Administrators alleges that the defendants are responsible for violating contracts between an employer and a union.  

The third-party administrator filed complaints to collect funds due the trust from Iron Mountain and Welch Foods; a complaint to collect trust funds following an audit against Venator Americas; and complaints to force audits against Kiewit Infrastructure and Republic Parking, the filings show.  

The TPA conducted an audit of the payroll records of defendant Venator Americas LLC for the period from January 1, 2018, through June 30, 2022, and found that the company did not fully report hours worked and underpaid trust contributions by more than $53,000, the complaint states.

Venator Americas, the lawyers argue, is further obligated to pay to the trust liquidated damages in the amount of $10,757.87 for the period, plus accrued interest and all attorney fees and costs incurred by the plaintiff.

Defendant Iron Mountain submitted payment reports for the period April 1, 2021, through February 28, 2023, to the Teamsters pension fund but failed to pay contributions for those months, resulting in $2,346.12 in damages and additional accrued interest and attorney fees and costs, according to the complaint.

Beginning June 1, defendant Welch Foods is alleged by the TPA of failing to promptly report for and pay to the trust all amounts due, and according to the Northwest Administrators attorneys, only Welch’s records contain the detailed information necessary to make an accurate determination of the extent of the unpaid obligations to the trust.

In the complaint against Welch’s, Northwest Administrators attorneys requested that the court compel Welch’s to render a monthly accounting to the TPA’s attorneys of Welch’s employees who are members of the bargaining unit represented by the union, together with the total monthly hours for the which the company paid each of them, for the period from June 1 to the date of the filing,

Each complaint argues alleged contract breach by the employers. Each of the pension plans are also regulated by the Taft-Hartley Act, the complaints show.

Taft-Hartley plans, or multiemployer plans, are defined benefit pension plans that are collectively bargained and managed for more than one employer within the same industry.

The complaint seeking an audit, against Kiewit Construction, alleges that “despite notification to the Defendant of the Trustees’ desire to conduct an audit for the period January 1, 2017 through December 31, 2021,” the company has not given the TPA access to records for that period and has “refused to make all of the requested records available for the thorough examination the Trustees deem necessary and advisable to the proper administration of the Trust,” the complaint states.

The complaint against Republic Parking alleges the same claims but for the period January 1, 2018, through May 31, 2021.

In the 2022 plan year, the latest data available, the Form 5500 filing to the Department of Labor showed that the Western Conference of Teamsters Pension Plan held more than $53 billion in retirement assets for 619,203 participants. In the 2021 plan year, the latest data available, the Pacific Coast Benefits Trust Fund held more than $689 million in assets for 155,864 participants.  

Northwest Administrators is represented by attorneys with Seattle-based law firm Reid, Ballew, Leahy & Holland LLP. Neither firm representatives nor their attorneys responded to requests for comment.

Representative for the employers also did not return requests for comment.

Retirement Industry People Moves

Haase joins small business retirement plan provider; Vestwell hires Farmakis; PGIM appoints Carlino to newly created role; and more  

Haase Named Chief Revenue Officer at 401Go

Small business retirement plan provider 401Go Inc. has appointed Ted Haase to the role of chief revenue officer, the company’s CEO, Dan Beck, confirmed this week by email.

Ted Haase

Haase is responsible for managing 401Go marketing and sales efforts.

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“We’ve hired Ted to help accelerate growth and expand our partner-based approach to [retirement plan] distribution,” Beck says. “We have seen a massive increase in financial advisors wanting to work with us and have been needing to scale our advisor support team, which Ted is now leading.”

Haase previously worked at retirement plan provider Human Interest for four years, ending his tenure with the title of national senior director of business development. Prior to working there, Haase worked at retirement plan recordkeeper Paychex in several roles for 21 years.

Vestwell Hires Farmakis as SVP for Enterprise Sales

John Farmakis

John Farmakis has joined Vestwell as a senior vice president for enterprise sales. He will focus on growing strategic partnerships in retirement, asset management and insurance.

“I am delighted to join the impressive Vestwell team,” Farmakis said in a statement. “At this stage in my career, it was essential to align myself with the ‘go-to firm’ across the industry with the de facto platform for all workplace savings and investing. Vestwell’s leadership and culture, combined with the company’s great momentum, were key factors in my decision to join the team.”

In his career of more than 40 years, Farmakis has worked at firms such as Ubiquity Retirement + SavingsBlackRock and ADP Retirement Services.

PGIM Investments Appoints Carlino as Global Head of Alternative Investments

PGIM Investments has appointed Dominick Carlino as global head of alternative investments. He will report to Stuart Parker, president and CEO of PGIM Investments.

Dominick Carlino

“Dominick’s deep understanding and experience in the alternatives space will add tremendous value to our business as we continue to extend PGIM’s full array of high-quality private capabilities to our financial intermediary partners and their high-net-worth clients,” said Parker in statement.

In this newly created role, Carlino will be responsible for driving the continued development and distribution of alternative investments tailored to wealth management needs around the globe.

Carlino most recently served as managing director and head of alternative investments distribution at Merrill Lynch. Prior to his 10 years at Merrill Lynch, Carlino held various business development and distribution roles at AlphaOne Capital Partners, Morgan Stanley and Susquehanna International Group.

Equitable Holdings Names Bass Head of Investor Relations

Equitable Holdings Inc. announced the appointment of Erik Bass as head of investor relations, effective immediately.

Bass will be responsible for communicating the company’s strategy and financial performance, as well as maintaining and expanding relationships with the investor and analyst communities. He will report to Robin Raju, Equitable’s chief financial officer.

“Erik’s knowledge and ability to produce valuable, industry-specific insights will enhance our relationships with investors and the market,” said Raju in a statement. “As a top analyst in our sector, Erik understands Equitable Holdings’ unique, integrated business model, and his experience will help advance our growth strategy.”

Bass joins the company after his seven-year tenure with AllianceBernstein’s sell-side research subsidiary, Autonomous Research, where he served as the lead U.S. life insurance analyst and was named in 2022 director of U.S. research, overseeing coverage across all sectors.

Pine Joins Carson Group as Chief Legal Officer

Carson Group has hired Julie Pine as its chief legal officer. Pine will report directly to Teri Shepherd, president of the Carson Group, and will oversee all legal and regulatory matters for the firm.

Julie Pine

“Julie’s impressive legal background and her dedication to community align perfectly with the values and goals of Carson Group,” Shepherd said in a statement. “Her expertise will be instrumental as we navigate the complex legal and regulatory landscape in our industry.”

Pine previously served as executive vice president, general counsel and chief risk officer at Lead Bank, in Kansas City, Missouri. During her tenure, Pine oversaw legal, risk, compliance, human resources and information security functions.

Early in her career, Pine was a commercial litigator and equity shareholder at McDowell, Rice, Smith & Buchanan PC before taking on the role of general counsel at Mariner Wealth Advisors.

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