The U.S. Department of Labor ordered NFL player Michael Vick to repay more than $400,000 he withdrew from a pension plan owned by his celebrity marketing company MV7 LLV, the agency said Wednesday.

The Labor Department alleged that Vick violated federal pension law by making a series of transfers from the pension plan where funds "were partially used to help pay the criminal restitution imposed upon Vick after his conviction for unlawful dog fighting as well as his attorney in the bankruptcy cases."

MV7, owned by Vick, sponsored a defined benefit retirement plan for nine current and former employees as of October 2008.

The Labor Department has obtained a consent judgment, stemming from a lawsuit filed by the department in federal district court in Virginia, requiring Vick and his company to repay at least $416,461.10 in restitution to the pension plan.

According to the Labor Department, the judgment also orders Vick to forfeit any rights to benefits from the plan. The department also imposed a civil monetary penalty, which Vick agreed to pay.

Other mandates in the judgment includes permanently barring Vick and his company from serving in a fiduciary capacity to any plan governed by the Employee Retirement Income Security Act, it requires them to pay all expenses associated with terminating the plan, and appoints an independent fiduciary to manage the plan until it is terminated.

-By Darrell A. Hughes, Dow Jones Newswires; 202-862-6684; darrell.hughes@dowjones.com
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