Tag Archives: fiduciary duty

Feds sue Chimes for ERISA violations; nonprofit denies allegations

Lawyers for Chimes International Ltd. say in court filings that the federal government’s allegations that the nonprofit failed to monitor its employee health plan’s administration and expenses while paying millions of dollars in excessive expenses are ‘wholly lacking in specificity.’ (Courtesy of Chimes)

Chimes International Ltd., a Baltimore-based nonprofit that provides job training to the disabled, breached its fiduciary duty as overseer of its employee health plan, which was a cash cow for the plan’s administrators and an inappropriate source of donations to Chimes, the federal government alleges in a lawsuit.

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