SAN FRANCISCO--(BUSINESS WIRE)--FCE Benefits has learned that the U.S. Department of Labor (DOL) filed a complaint against one of its clients, The Chimes, a non-profit organization based in Baltimore, Maryland that provides jobs and care for the disabled. Allegations were also made in the complaint about a number of vendors to The Chimes, including FCE.
The allegations raised in the complaint are without merit, and we are deeply disappointed that the DOL included FCE in its complaint against The Chimes.
The DOL’s claims center on The Chimes Health and Welfare Benefit Plan (the Plan) and the governance of the Plan. FCE was never involved in the governance of the Plan. FCE simply served as the third party administrator for the Plan.
The complaint challenges the compensation paid to FCE as well as the charitable contributions made by FCE to The Chimes’s philanthropic causes.
All compensation received by FCE was pursuant to a written contract signed by The Chimes. In fact, the compensation FCE received was at or below the applicable market rate. FCE made charitable contributions, at The Chimes’s request, strictly to support their charitable programs that provide valuable community services for disabled persons. FCE’s motivation in making the donations was solely to benefit the disabled individuals who were the charity’s beneficiaries.
The DOL never contacted any member of the FCE management team or a single FCE employee to discover accurate information. If it had, we feel certain FCE would not be part of this complaint.
The DOL’s failure to conduct a proper investigation, with respect to our company, is regrettable and its attacks on our character are unfair, unreasonable and unfounded. FCE has full confidence that this matter will be resolved expeditiously and in its favor.
While this matter is being resolved, it’s business as usual at FCE.