The DOL today asked a U.S. District Court in Houston to require Hewitt Associates to pay at least $9.15 million into a settlement fund that was established to provide pension compensation to Enron Corp. workers.
Hewitt Associates, which served as the administrator for the settlement fund, failed to comply with a court-provided allocation formula for the fund, resulting in overpayments to some Enron plan participants and underpayments to others when the payments were distributed in 2006, according to a Department of Labor news release.
The DOL is asking the court to require Hewitt to provide funds sufficient to permit the allocation of settlement funds in accordance with the allocation formula approved by the court, according to the news release.
In a statement, Maurissa Kanter, a Hewitt spokeswoman, said: "We are surprised that the Department of Labor is pursuing this action against Hewitt since Enron is, in fact, the defendant in this order. Our primary goal has always been to find a solution that is in the best interest of the plan participants, and this continued legal action is likely to further slow down that process."