A
fiduciary of the Faribault Woolen Mills Inc. Fully Insured Hospital Life
Welfare Plan has been ordered to restore to participants more than $55,000 in
health insurance premiums taken from the participants’ paychecks but never
remitted to the health insurer.
In
2012, the Department of Labor (DOL) filed a civil complaint against Michael
Paul Harris and the Faribault Woolen Mills Inc. Fully Insured Hospital Life
Welfare Plan, alleging that Harris, as the fiduciary to the plan, breached his
fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA)
by failing to remit $55,040.61 in contributions withheld from employee
paychecks for health insurance premiums between January 9, 2009, and March 20,
2009. According to the complaint, as a result of his failure to remit premiums to the
insurance company, plan participants’ insurance was retroactively cancelled.
Harris
was president and chief operating officer of the Faribault, Minnesota, company.
Faribault Woolen Mills Inc. went out of
business in 2009, and the mill assets were purchased in 2011 by a completely new
entity called Faribault Woolen Mill LLC. The new firm has no connection with the former company or Harris.
The
U.S. District Court for the District of Minnesota found Harris was a fiduciary
to the health plan from at least January 1, 2009, through March 31, 2009, and
he breached his fiduciary duties and violated ERISA.
The
court said Harris is liable for restitution of the $55,040.61 in unremitted
employee health insurance premiums, and he is also liable for $12,798.99 in
prejudgment interest on the unremitted employee health insurance premiums for
those three months, as calculated through June 1, 2015.
SURVEY SAYS: Shopping During the Thanksgiving Holiday Weekend
There has been much controversy in the news about stores opening for shoppers on Thanksgiving, but a recent survey indicates more people plan to shop that day than the day after (Black Friday).
Last
week, I asked NewsDash readers, will you shop during the Thanksgiving holiday
weekend, and how do you feel about stores opening for shoppers on Thanksgiving
Day?
Only
2.7% of responding readers indicated they will shop on Thanksgiving Day, while
22% will shop on Black Friday and 27.5% will shop the Saturday and Sunday after
Thanksgiving. One third (33%) will shop online deals on Cyber Monday. More than
half of respondents (52.3%) will not shop at all during the holiday weekend.
Asked
how they feel about stores opening for shoppers on Thanksgiving or about
shopping during the Thanksgiving holiday weekend in general, the vast majority had
strong negative feelings about retail stores being open on Thanksgiving Day—mostly
because of sympathy for the retail employees. However, a few did not feel the
same sympathy for restaurant workers working on Thanksgiving Day, and a couple
admitted they needed grocery stores to be open for last-minute ingredients. One
reader pointed out that some retail employees would be grateful for the extra
hours and chance to earn more money. I agree with the readers who pointed out
that football is a Thanksgiving tradition, not shopping. Editor’s Choice goes to the reader who said: “Shopping during open
enrollment – preposterous! The best bargain is the maximum employer match,
don’cha know, eh.”
I’m thankful for all
who participated in our survey!
Verbatim
The
price discounts that you receive during these times just don't justify the pain
in the butt of dealing with all the other crazy people out there.
It
would be nice if stores were closed so that everyone can enjoy the holiday. I
get that emergency personnel have to work, but shopping isn't an emergency (or
at least it shouldn't be).
No
store should open on Thanksgiving Day. Football is more important than
shopping!
Everyone
needs to be home with their families on Thanksgiving - Friday should be enough
- if not - grab your computer and shop away!!
It's
not fair to the workers. One of our few American holidays and it deserves to be
enjoyed so I will not shop that day and hope companies move back to giving
people back time for the holidays.
I
feel stores should be closed on Thanksgiving so people can be home with their
families.
I
look forward to the day when rabid materialism will decline so that more human
aspects of these holidays become apparent.
I
stay away from stores all weekend -- even grocery stores. It's just too insane.
If
the country wasn't so full of excessive consumers, this would not even be an
issue. It really is ok not to be able to get everything the moment you want it.
Why don't we do it on
Halloween or Labor Day or July 4th? Then people will have so much time to spend
all their money. WOW, give it a rest!!! Have a nice non-pushing,
non-line-grabbing, non-camping outside retailers' doors holiday!
Verbatim (cont.)
Those
shoppers are crazy, and I want no part of it. I'll wait until the last possible
second like every other year.
While
I want to spend the entire Thanksgiving day with my family, I can see that some
families may want to get a head start on shopping and go out as a family to
shop Thanksgiving evening (or honestly, they may have just spent enough time
together that they are ready for a little time apart). However, I think that
there are so few holidays where families can truly spend quality time together
that I would rather the stores NOT be open on Thanksgiving.
Thanksgiving
is a beautiful holiday that gets lost in the shuffle. I will spend as much time
with my family as possible. I'm sorry for the retailers’ employees who don't
get to celebrate.
Well,
I'm saying none, but chances are I'll have to run out and get milk or butter or
something Thanksgiving morning for the meal. Thankful stores will be open, but
wish they didn't have to be!
I
despise that such a simple and lovely holiday is becoming so crowded with crass
commercialism.
I
prefer that the stores close on Thanksgiving. As a department store veteran,
Thanksgiving is the one day that retail employees get to rest before the big
holiday push.
Nobody
shops that weekend anymore -- the stores are too crowded!!
Thanksgiving
is a time to reflect upon and give thanks to everything we have been blessed to
receive over this past year. It is a time to be with friends and family and to
let them know how fortunate they are to you. I do not care to fight the mobs of
people so that I may get one of a few big screen televisions for $200, if I
camp out overnight in a parking lot. Take this time to relax and reflect upon
what is important in your life and have a Happy Thanksgiving.
I
absolutely detest that our holiday has been reduced to this nonsense. Instead
of a time for family and reflection, we are rushing off to buy stuff we, nor
anyone else, needs to fill the pockets of people already too wealthy for their
own good. Enough already!
I think that stores
should remain closed on Thanksgiving and whatever they want to do on Friday is
up to them.
Verbatim (cont.)
I
disagree with it. Offer online deals on Thanksgiving day for people that just
can't wait to start their shopping. There are very few holidays anymore where
stores are closed and employees get to spend time with family - pretty much
just Thanksgiving and Christmas anymore - and it's getting ridiculous. I do
applaud those stores that refuse to open on Thanksgiving and let their
employees have family time.
Although
I checked that I would shop on any day but Thanksgiving, there is nothing I
need or want enough to go through any of the effort required to shop these
days. My shopping will depend upon whether or not I feel like shopping or the
store has a gift I want to give.
If
people want to get out of the house, it would be better if they went to a
movie. Otherwise, they can have Cyber Turkey Day and shop online. Making people
come to work on Thanksgiving is un-American!
I
think stores should be closed on Thanksgiving. It is a time that should be
spent with family and friends. The theme of being thankful gets lost in the
shopping frenzy!
I
don't like stores being open on Thanksgiving Day. Enjoy time with family or
friends or just relax and get ready for the next month. I do decorate for
Christmas right the weekend after Thanksgiving.
All
stores should be closed Thanksgiving Day so employees can spend time with their
families. I suspect that opening an extra day only changes the timing of sales
rather than increasing them.
Thanksgiving
shopping = boo! Other days/times = fine
I
love my family, but would not wait in lines or battle the masses. Also, shame
on companies for required, or pressuring, Thanksgiving Day shifts.
The
teenagers in my family love it, and it gets them out of the house... so there's
that.
Stores need to be
closed on Thanksgiving so that people can be with their families.
Verbatim (cont.)
If
opening on Thanksgiving Day reduces the need to wear hockey pads when shopping
on Black Friday, I'm all for it.
I
will likely shop online but have no intentions of shopping in the stores. Too
many people, long lines take the fun out of it - would rather spend time with
family
Stores
should not open on Thanksgiving Day.
For
my money there's no more festive way to kick off a holly-jolly season of
consumerism than with some no-holds-barred discount driven violence!
Stores
should be closed on Thanksgiving Day and not reopen until Friday morning.
I
wish stores would leave the few true holidays retail employees get alone to
spend time with family and friends. I will be working on Friday and hoping not
to hit traffic around the malls I pass on my commute.
I
am taking note of stores who are NOT opening on Thanksgiving day and they will
likely receive more business from me in the future.
There
is no deal that is more important to me than spending time with my family and
giving Thanks for the blessings in my life. I feel that all should have that
opportunity to relax and enjoy the holiday without worrying about having to
leave to go to work. Nothing is sacred anymore in this country. It's all about
the almighty dollar.
I
don't shop on Thanksgiving. I don't shop on Black Friday at those crazy early
hours because I don't want to encourage retailers to open at those hours. I
shop at local smaller merchants on Friday and go to the malls/outlet centers
Saturday night when most of the early risers on Friday are home exhausted.
My tradition is
avoiding the Thanksgiving weekend shopping madness. Retailers requiring
employees to work on Thanksgiving is a sorry state of affairs.
Verbatim (cont.)
It's
a sad commentary on the gluttony in this country when people are so eager to
shop and acquire more stuff on the day that is set aside to be thankful for
what we have already been blessed with.
I
am not vehemently against stores being open on Thanksgiving...but I won't
support them. With so many "Black Friday" sales starting early, and
now applied to everything, even windows and cars, the timing does not matter as
much.
I'm
sad that stores are open on Thanksgiving. Can people not spend one entire day
with family and let the world slow down just a bit, instead of running out to
buy more "things"? So much for having a day to "give
thanks" for what we have.
Stores
should be closed so families can share the holiday together. I don't like
stores being open. We shop too much as it is. We are a society gone crazy over
things! People are more important than any thing!
It's
too crazy out there to shop - people go absolutely nuts. I think if you work in
retail you have to be open to working holidays - it's just part of it.
don't
favor stores being open on Thanksgiving. Let employees enjoy the day with their
families!
I
feel bad for the employees who have to work. We have a full-time receptionist
who works part-time at a retail store, and she has to work 8pm Thanksgiving
night to 6am Friday morning. Because our office is open on Friday she will have
to take a vacation day on Friday. They are the ones who seem to be overlooked.
The
stores should not be open on Thanksgiving. Retail workers already have tough
schedule - give them a break!
While
I'm embarrassed to admit I've occasionally had to take advantage of a grocery
store that's open during the day on Thanksgiving, I refuse to do any other kind
of shopping that day. Everyone should be free to enjoy the day with family
& friends (or relaxing by themselves!) -- including retail employees.
Stores opening on
Thanksgiving is sad and unfortunate for their staffs.
Verbatim (cont.)
Would
rather see folks spend time with their families and friends cause that's where
the real riches in life are found, but won't get involved in pontificating
about what stores or individuals actually do.
Thanksgiving
is all about family, friends and sharing. I am sure glad I experienced spending
time with my relatives and getting to know them around the Thanksgiving table
in past years when stores were closed. Those that shop on Thanksgiving Day are
missing the true treasure, family time.
Retailers
provide great incentives for black Friday that it's hard to refuse. Since I
hate the over-eager bargain hunter crowds, I shop on cyber Monday. Thanksgiving
should be preserved as a holiday - not as a shopping day. Why not open shops on
Christmas Day to get a head start on holiday gift returns?
I
feel sorry for people who have to work on the holiday. Thanksgiving should be
reserved for contemplation and relaxation.
Anyone
who waits on line for these "events" is crazy!
The
day of Thanksgiving should be a day spent reflecting on what is important with
people you care about - not in some store whose sole purpose is to get you to
spend money one can ill afford to spend on useless items that will eventually
end up in the trash bin or someone's closet - forgotten over time.
No
way will I brave the stores for actual Christmas shopping. In fact we typically
hide out in the house until at least late Saturday. We'll venture out at some
point over the weekend to get the Christmas tree and a bottle of wine to enjoy
while decorating. My husband and I typically take Monday off to stay in our
pj's and do online Christmas shopping.
I
plan to support Small Business Saturday. I think stores need to be closed on
Thanksgiving.
Folks, shop early and
skip the zoo.
Verbatim (cont.)
Shopping
is not a priority for me. Maybe more family time is a first step in making the
holidays more memorable.
Thanksgiving
Day is for family, not for shopping.
I
feel sorry for the workers who lose the opportunity to spend quality time with
family at Thanksgiving.
No
stores should open on Thanksgiving Day.
Why
not?
Being
open on Thanksgiving is horrid! A pure greed play! The stores are greedy and
the shoppers are greedier, leading, in some cases, to masses overwhelming the
stores and injuries to both shoppers and store employees. Thanksgiving is a day
to spend with family and friends (and watch football, if one is so inclined).
Making store employees work for the sake of the greedy is terrible, but,
unfortunately, as long as there is one store out there that does it, its
competitors will have no choice to follow suit. I wish it would end. The only
people who should work on Thanksgiving are those who must do so to keep us safe
(police, fire, hospital workers, etc.) and those that are helping us celebrate
(restaurant and other hospitality industry employees). But to make someone work
so someone else can get a TV for $300 less than usual is just WRONG!
Shopping
in crowded stores to get 1 or 2 TVs priced at $29.99 isn't my thing. Instead I
will be enjoying my 4 day weekend with my family.
Call
me old fashion, but I think this is a time to be with family and unfortunately
those that have to work can't be with their families. But alas the almighty
dollar in the end will win.
It's
wrong.
I think it is
reflective of the increasing "anything to make a buck" retail
mentality of our nation. Every holiday has been turned in to a reason for a
sale to try to attract buyers. Unfortunately, until the public says enough,
retailers will continue to try to come up with "bigger and better"
gimmicks to lure customers. It's extremely sad IMHO.
Verbatim (cont.)
Thanksgiving
Day is all about planning the strategy of hitting the best stores first on
Friday ("buzzer" goes off at 8:00 am, the game is over for the day).
Then spend time watching the crazy people & backed-up traffic over coffee.
After that, I shop only late evenings.
It
will be to buy food on Thanksgiving; because I always forget something!
I
think stores should be closed on Thanksgiving and not open until at least 6:00
am on the day following.
Thanksgiving
is for getting together with family, being thankful for our country, despite its
current dysfunction, watching a little football, but not shopping.
We
don't leave home during the Thanksgiving weekend. No "deal" is worth
the crowds and rudeness and stress. Amazon Prime is where we find our deals! I
understand stores opening for shopping but mourn the loss of the ideal that
certain days are reserved for family time...
I
don't think they need to be open on Thanksgiving. Give the time to the workers'
families. I loved working the day after when I was in retail. The time flew by!
I won't be shopping that weekend as it's the World's Largest Disco on Saturday.
My sister and I start boogying down on Friday and Sunday is recovery day!
While
I don't plan to shop on Thanksgiving myself, I have worked in retail before. At
that time in my life, most of my coworkers and I would have jumped at the
chance for additional hours. This is especially true during the holidays.
My
in-laws used to live out of state in a college town. About 15 years ago we
wanted to get out of the house on Thanksgiving Day and did find one discount
retailer open. There were a few bargain hunters in the store and a number of
foreign students from the college shopping that day. The college students
seemed to be enjoying shopping mostly in peace and quiet while we crazy
Americans were stuffing our faces and watching football. Seems like those days
are long gone. Sad. I wish the retailers would let their working families enjoy
the holiday.
As
I have never shopped on Black Friday, and never will, I do not agree with
stores being open on Thanksgiving. Thanksgiving is meant for giving thanks for
all we have, especially family. Keep the consumerism and commercialism out of
this day.
It is quite sad that
the retail industry has taken over family time. It’s also sad that we have lost
three holidays (Labor Day, Halloween and Thanksgiving) to Christmas because
stores have their displays up and sales going on in August. Pretty soon the
saying "Christmas in July" will really be true!!
Verbatim (cont.)
Thanksgiving
Day should be reserved for giving thanks, being with family and friends and
football.
Although
I understand we live in a different world these days there should still be some
traditions from the past that are upheld; one of them being stores are closed
Thanksgiving. It should be a time of reflection and relaxation and to just be
away from the normal hustle and bustle.
The
weekend is becoming more about shopping than giving Thanks. The last thing I
want to do that weekend is fight the crowds.
I
would like to go back to the good old days when Christmas shopping and
Christmas decorations were not done until after Thanksgiving.
I'm
thankful my employer does not require its employees to work Thanksgiving. I
applaud businesses that give the day off.
I
think all stores should be closed so the employees get a day off, but on the
other hand, if people want to shop that day instead of eating turkey, well,
that is the American way!
Please,
I beg of you, STOP THE MADNESS!
I
hate shopping. I've never understood the fascination of owning tons of stuff.
How many (fill in the blank) do you really need anyway??
It
is up to the stores to open or not open on Thanksgiving. I have no desire to
shop that weekend.
Shopping
during open enrollment - preposterous! The best bargain is the maximum employer
match, don'cha know, eh.
I
am opposed to stores opening on Thanksgiving - restaurants yes, retail stores
no!
IT
WOULD BE NICE TO JUST CELEBRATE THE HOLIDAY AND NOT HAVE ANYONE WORK THAT DAY
SO THEY COULD BE WITH FAMILY AND FRIENDS WE HAVE BECOME TOO COMMERCIAL
I
plan to shop on the day before Thanksgiving.
I
don't think stores should open on Thanksgiving Day. That is counter to the
concept and spirit of the day. I checked all three options after T-Day but that
only depends on what deals are out there. If nothing compels me to shop I won't
and cyber Monday will be the least utilized of the three. I'm a guy and true to
stereotype I'll be looking for great deals on electronics and tools. If I don't
see any I'll comfort myself with lots of football and turkey.
NOTE: Responses reflect the opinions of
individual readers and not necessarily the stance of Asset International or its
affiliates.