allstaff / ERISA Violations
Another ALLSTAFF Cover up, New Federal Investigation
The US Department of Labor delivered a certified letter to Greg Bennett of Total HR Solutions on November 10, just a few weeks ago.
"I am thoroughly disqusted with Allstaff's continued mismanagement of taxes" said Mr. Bennett when asked for his comment on Saturday. "More borrowed tax money, but this one looks more like a cover up to me".
Federal Prosecutors alleged that Total HR has violated ERISA laws for the period of January to August 2009, a total of 111 ERISA violations.
Mr. Bennett said "the only problem is, we were locked out of the system January 1, 2009 when Allstaff illegally seized our assets claiming they had been lied to. In his brief statement, Mr. Bennett said "I can't wait to meet Federal Prosecutors and show them what Allstaff has done. These guys are reckless".
In a letter from federal prosecutors dated November 10, 2010, Federal Prosecutors alleged 111 2009 401K ERISA violations. In an apparent attempt to cover their tracks for the ERISA violations, Allstaff appears to have shift blame to Total HR Solutions, the same company they acquired on December 31, 2008.
On January 1, 2009 Allstaff became the statutory employer of all the Total HR Solutions employees and began managing the benefit plans including the Slavic 401K . ALLSTAFF calculated and deducted all participant 401K contributions but failed to deposit the money.
"Allstaff even sent a letter claiming they were a SAFE company and had properly managed all of their fiduciary reponsibilities" said Mr. Bennett. "I wonder how they thought they could get away this one. They seized my propery, they trashed my name, locked me out of the building and then they fired key members of my staff. Now they are blaming me for their mistakes".
Our insider sources confirmed that Allstaff was in no financial position to buy, much less manage Total HR's customers. In arbritration, Greg Medley the CFO testified to this effect. Allstaff could not be reach for comment.
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