US Labor Department obtains court order naming independent fiduciary for 401(k) plan of defunct WA-based aerospace company

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SEATTLE – The U.S. Department of Labor has secured a court order to appoint an independent fiduciary to manage the abandoned 401(k) plan of a defunct Arlington-based aerospace company.The order, entered in the U.S. District Court for the Western District of Washington, appoints AMI Benefit Plan Administrators Inc. as the independent fiduciary for the Commercial Aircraft Interiors LLC 401(k) Plan, which has been frozen since the employer shut down operations in 2023. In this role, the independent fiduciary will be able to distribute its assets to eligible former employees who have not been able to access their retirement savings because the

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