Retirement Plan Compliance Analyst FuturePlan, by Ascensus
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The Angell Pension Group, Inc.
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Defined Contribution Consultant Loren D. Stark Company
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Sentinel Group
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VP Sales Consultant (Retirement) - Indiana Territory FuturePlan, by Ascensus
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Head of Money Out Operations (Retirement Industry) Ascensus
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Qualified Retirement Plan Reviewer Nova 401(k) Associates
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401k & Defined Contribution Plan Consultant Planned Retirement Consultant & Administrators, LLC
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Gallagher
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Defined Contribution MEP Account Manager Nova 401(k) Associates
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HowardSimon, Strongpoint Partner
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Division Vice President, Western Region - Retirement Sales Ascensus
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Press Releases by Date | Press Releases by Company Name
Press Release Federal Court Orders Defunct Milwaukee Info Technology Company, President to Restore $18k Withheld from Employees for Medical Plan |
Issued by Employee Benefits Security Administration [EBSA], U.S. Department of Labor Mar. 14, 2023 |
Date of Action: March 7, 2023 Type of Action: Employee Retirement Income Security Act default judgment Company/Owners: Gary Krieger, Stratagem Inc., Stratagem Inc. Group Medical Insurance Plan Background: On March 7, 2023, Judge Lynn Adelman in the U.S. District Court for the Eastern District of Wisconsin entered a default judgment against Stratagem Inc. and Gary Krieger, the company’s president, after he failed to meet a deadline of Sept. 21, 2022, to answer a complaint filed by the U.S. Department of Labor. The Secretary of Labor filed a lawsuit on March 21, 2022, after the department’s Employee Benefits Security Administration found the company and Krieger did not remit employees’ voluntary salary contributions to the company’s group insurance plan. The defunct info-technology company operated offices in Mequon and Milwaukee. Resolution: Judge Adelman entered a default judgment in which Krieger, the company and its group insurance plan must restore $18,084 to the plan within 15 days. The amount represents $15,124 in employee contributions not paid to the health plan and $2,960 in lost opportunity costs for all Stratagem employees who had voluntary contributions withheld from their pay from Oct. 14, 2018 through Jan. 15, 2019. The judgment also forbids Krieger and the company from future ERISA violations and bars them from serving as fiduciaries or service providers to any ERISA-covered employee benefit plan in the future. |
Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink. |