In a public employee plan, Pension board members are\nintentionally acting on behalf of their respective\nemployers, to the tremendous detriment (nearly 0,000 per\nparticipant) in future accrued benefit. The plan is a\nqualified 401(a) defined benefit plan with an existing\nLetter of Determination from the IRS. The plan has lawfully\nbeen in place over three years, based on a Superior Court\nvalidation and summary judgment, yet the Plan sponsors and\npension board members want to raid the assets and return\nthem to the general funds of the Plan Sponsors. I recognize\nthis as outrageous behavior, however my question is: What\nfederal law may be utilized to (a) prevent the money from\nleaving the hands of the corporate trustee, and what federal\nlaw may be used to prosecute the board members and plan\nsponsors? This issue has now reached the point of being\nridiculous and smacks of the old Union pension days.\nIncidentally, the plan is legal under state law as well.